A friend just asked me: “Glassnode: Bitcoin’s correlation with the S&P 500 has reached 0.80, its highest level since May 2022.” Is that good or bad?
My answer: Directionally, it’s somewhat positive, but good news doesn’t mean prices will rise right away—it depends on whether the money agrees.
$BTC What do you all think?
#BTC
This is compiled from publicly available information. Please verify it yourself.
My answer: Directionally, it’s somewhat positive, but good news doesn’t mean prices will rise right away—it depends on whether the money agrees.
$BTC What do you all think?
#BTC
This is compiled from publicly available information. Please verify it yourself.
