Risk On, Risk Off BTC’s correlation to the S&P 500 (SPX) dwindled this month as the index rallied...But as BTC slowed down, its correlation to the SPX slowed, eventually flipping negative, and its correlation...Because gold and stocks have poor correlation, using BTC’s correlation to each asset as a means of gauging...

Bitcoin’s Legacy Correlations Bitcoin is often touted as an uncorrelated asset relative to conventional...Over the long-term, this holds true, but in the short-to-medium term, correlations tend to fluctuate...Despite its “digital gold” narrative, the correlation between BTC and physical gold also tends to ebb...

BTC Correlation with S&P500 Soars Over the past month, the correlation between BTC and SPX has...BTC has a historically low correlation with the equity markets....As institutional adoption in BTC increases, we will likely see an even higher correlation in the future...

ETH/BTC Correlation is Peaking ETH’s one-month correlation to BTC has risen sharply over the past month...ETH tends to trade with high correlation to BTC during risk-off periods, while setting its own tone when...Notably, ETH/BTC correlation tends to peak around 90% and BTC outperforms ETH during this period.

BTC and Gold’s Relationship Back in 2019, BTC’s correlation to gold propelled the narrative that BTC...

Over the past five years, Bitcoin has exhibited a structural shift in its macro correlation profile....But while the correlation may reflect market structure, the underlying fundamentals are diverging....From Tech Proxy to Bank Proxy: The Correlation Shift The data bears this out....The correlation held: tightening hurts both.

As such, we will be watching the following correlations closely....As you can see from the charts above, below, and later in the correlation matrix, Bitcoin strongly correlates...Bitcoin and gold are positively correlated at around .64....We think these correlations may increase....a negative correlation — against both VFH and KRE.

“In Times Of Crisis, Correlations Go To 1” Quarter 2 draws to a horrendous close as the seemingly ever-worsening...There is a very common saying in traditional finance… in a time of crisis, correlations trend towards...We can immediately notice a very strong correlation between the SPY and BTC price over this longer-term...

LPs assume more risk in non-correlated pairs like ETH/DAI and therefore opt for higher-fee pools....LPs take on minimal risk in correlated pairs like USDC/DAI, which tend to use the lower fee tier of 0.05%...A few of the key takeaways include: Average fee % and volume have a strong negative correlation Low...

Money market-derived funding rates are thus likely less correlated with the underlying than traditional...This idea is further supported by the portion of Contango open interest in correlated pairs such as wstETH...On Morpho and Aave, most correlated assets (weETH, sUSDe) use exchange rate oracle rather than market...

Israel situation mixed in) It’s worth remembering that in times of panic and market turmoil, market correlations...Remember, correlations rise to 1 during volatile times like these....Again, correlations to 1, blah blah. We’ve seen this before — and we’ll likely see it again.

The cases I’ll cover involve memecoins that synergize with an NFT collection and are correlated price-wise...The correlation of some NFTs with memecoins also means correlation to their downside, which explains...

And despite strong evidence suggesting crypto markets are still highly correlated with their legacy counterparts...In fact, the two share a strong correlation of .75, since Sept-2020....A clear inverse correlation can be observed between the two.

The crypto market in general, however, is correlated to some of the biggest macroeconomic factors that...The intramarket correlation – which measures the average correlation between each unique pair in the...We can see when correlations strengthen, BTC tends to outperform ETH....Since late June, we’ve seen correlations abate a bit as return dispersion widened.

It’s clear the two have a strong symbiotic relationship and have maintained a 93% correlation for the...Interestingly, this relationship exhibits the same correlation of 93%....However, if we broaden the time horizon to 24 months, the correlation sinks to 67%....In turn, a tighter correlation between the two may be experienced moving forward.

The two have a strong symbiotic relationship given that the correlation between the two is 93%, over...Interestingly enough, this relationship exhibits the same correlation of 93% that the USD Liquidity Index...However, if we broaden the time horizon to 24 months, the correlation between the two sinks to 67%.

Just look at the correlation between US public debt levels and the Fed’s balance sheet over the last...We know the equity market exhibits an extremely strong correlation with Fed liquidity, so it’s no surprise...

The downtrend began on November 21st, 2021, correlating with the overall shift in risk markets....The ATH was formed closely following BTC’s $69k ATH, a correlation that hardly comes as a surprise....On Correlation Between Metrics: The price, TVL, daily transactions, and DAU count largely trend in the...

As expected, equities and crypto moved in tandem, continuing their strong correlation streak....In addition to these lower time frame correlations, we still see longer-term correlations persisting...