BTC price change vs Wishire5000 Index change

Correlation coefficient for previous 100 days.

negative

https://void.cat/d/8JdFUEtGCPgKuUTt8WcGV4.webp

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Discussion

30 day volatility is very low and the 7 month trend is up.

That means quants will start liking idea of high and positive sharpe ratio over past 2 months months.

The momentum will build for awhile

https://void.cat/d/CqWjoL7ZLhZpZz2NFyR31C.webp