BTC Breaks Away From Equities, JTO Offers Best R/R in “Casino Stack”

Nov 22, 2024 • 5 Min Read

BTC Decoupling from Equities

Over the past two weeks, BTC has begun to decouple from other risk assets. While the broader macro environment experienced choppy conditions from November 12th through yesterday, BTC has appeared indifferent to fluctuations in risk appetite, continuing its upward momentum and approaching the $100K milestone.

A chart of BTC correlations highlights this decoupling, with sharp declines in its correlation to the QQQ, SPX, and IWM. The disconnect from IWM, in particular, stands out, as BTC has maintained a relatively strong correlation with small-cap equities since the st...

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