๐ $BTC is trading like a completely different asset compared with March.
Back then, Bitcoinโs 90-day correlation was 0.57 with the Nasdaq-100 and just 0.21 with gold. Today, those numbers have essentially flipped โ 0.22 with the Nasdaq-100 and 0.57 with gold.
๐ This shift suggests $BTC โs market behavior is becoming more closely aligned with gold and traditional safe-haven assets, rather than tech stocks. ๐
Back then, Bitcoinโs 90-day correlation was 0.57 with the Nasdaq-100 and just 0.21 with gold. Today, those numbers have essentially flipped โ 0.22 with the Nasdaq-100 and 0.57 with gold.
๐ This shift suggests $BTC โs market behavior is becoming more closely aligned with gold and traditional safe-haven assets, rather than tech stocks. ๐
