Bitcoin just broke up with the stock market. đ
Over the past 90 days, BTC is down ~18% while the S&P 500 ETF is grinding to fresh highs, up ~4%. The 30-day correlation between them has collapsed to just 0.29 â historically these two have moved together far more closely.
Full analysis in our newsletter â link in bio.
Still holding? đ
#Bitcoin #BTC #Crypto #StockMarket #SP500 #Macro #10xResearch
Over the past 90 days, BTC is down ~18% while the S&P 500 ETF is grinding to fresh highs, up ~4%. The 30-day correlation between them has collapsed to just 0.29 â historically these two have moved together far more closely.
Full analysis in our newsletter â link in bio.
Still holding? đ
#Bitcoin #BTC #Crypto #StockMarket #SP500 #Macro #10xResearch