#Bitcoin was trading at ~$65k when we emphasized in last analysis just how cheap it was relative to the U.S. stock market.
The indicator has been in negative territory for at least 12 months — now BTC/S&P 500 Sharpe Differential is approaching 0 (neutral zone).
Don’t follow the herd — always focus on data.
In recent months, we’ve published various macroeconomic data pointing to the divergence between cheap #BTC and an expensive S&P 500, in terms relative valuations of both markets. #BTC Price Analysis# #Macro Insights# #TechnicalAnalysis $BTC
The indicator has been in negative territory for at least 12 months — now BTC/S&P 500 Sharpe Differential is approaching 0 (neutral zone).
Don’t follow the herd — always focus on data.
In recent months, we’ve published various macroeconomic data pointing to the divergence between cheap #BTC and an expensive S&P 500, in terms relative valuations of both markets. #BTC Price Analysis# #Macro Insights# #TechnicalAnalysis $BTC
