Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
nutildah
on 15/12/2022, 07:07:40 UTC
⭐ Merited by philipma1957 (1) ,vapourminer (1)

Why do you always need 150 words to say what could be said in 15?

Your original assertion was that Bitcoin has decoupled from the stock market. I presented evidence that it has not and some explanation as to why it cannot. Here's some more recent evidence for you:

Stock market drags Bitcoin price further south; Will the trend continue?

Bitcoin Falls as Jobs Report Is Harsh Reminder of Crypto’s Link to Stocks

As Bitcoin, Stock Investors Cheer US Inflation Slowdown, One Macro Expert Calls for Caution

https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d


Pretty obvious that the lines have spent more time above zero than below it for the last year. Since November there has been more of a negative correlation than a positive, but if BTC was "decoupled" the lines would be at zero. Speaking of zooming out, if you do that you see this recent shift is part of an overall pattern that has been around for about 5 years now:



The things that make the stock market move will continue to make Bitcoin move.