BTC is decoupling from S&P
This is a follow up to the previous insight where we say it's important to pay attention to BTC-S&P correlation - What we can learn from the latest Bitcoin-S&P correlation spike
Now BTC is decoupling from S&P again. Just take a look:
Correlation already dipped once recently, recovered and now goes down again.
Take a look at the price chart:
Correlation is highest when market is bearish. And now we might see BTC decoupling.
Cause it's much easier to pump cryptomarket, unreal to pump the whole S&P.
So what we expected is happening now, or might be happening now.
The final sign of BTC bull run.
Python code for plotting correlation can be found here: https://gist.github.com/ravno/2dd0bab022efab9d7190f86df4058f2d
Thanks for reading!
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