Analyst: Bitcoin’s S&P Correlation Is Not the Bull Sign It Looks
Bitcoin’s short-term correlation with the S&P 500 has turned detrimental lately, however on-chain analyst Axel Adler Jr. warned in his March 31 Morning Brief that this isn’t the bullish sign it would look like. The extra telling metric, the BTC/S&P worth ratio, has been declining since the begin of the yr and continues to indicate…
