PlanB: BTC is currently decoupled from its historical correlation with stocks and gold
According to Odaily, PlanB posted on X stating that the current historical correlation between BTC at $87,500, stocks at $6,900, and gold at $4,500 has become disconnected. A similar situation occurred when the BTC price was below $1,000, after which BTC's price increased tenfold. PlanB pointed out that the correlation could also be broken, and whether the current situation is different still needs time to be verified.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Viewpoint: Lighter TGE Will Become Key Indicator of Current Market Risk Appetite
WLFI launches governance vote on "Using unlocked WLFI to accelerate USD1 growth"
Analysis: The overall market consensus has shifted to bearish, which may be a signal for a trend reversal.
Analysis: The overall market consensus has shifted to bearish, possibly indicating a trend reversal.
