Softening correlations – new regime?

In light of crypto-specific contagion, correlations between BTC and U.S. equities have naturally declined. Correlations have remained soft since the FTX collapse, assessed through both long-term rolling correlations and granular intraday price patterns.
Source: Tradingview (CME, Coinbase)

In light of crypto-specific contagion, correlations between BTC and U.S. equities have naturally declined. Correlations have remained soft since the FTX collapse, assessed through both long-term rolling correlations and granular intraday price patterns. Bitcoin did not absorb the positive equity response to the lower-than-expected CPI release of November 10 as contagion occupied bitcoin traders’ mindshare, and since, the economic calendar has been quiet.

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