Summary
- Analyst PlanB stated that Bitcoin prices have recently significantly deviated from their historical correlations with the stock market and gold.
- He said that in the past there were cases where Bitcoin deviated from correlations with traditional assets and afterward showed a sharp rise.
- But it is not certain whether the same pattern will repeat this time, and PlanB mentioned that the correlation may either recover or break completely.
Bitcoin (BTC) prices have significantly deviated from their historical correlations with the stock market and gold prices.
On the 27th (Korean time), well-known crypto analyst PlanB analyzed on X (formerly Twitter), "Bitcoin has currently significantly deviated from its historical correlations with the S&P500 and gold."
He mentioned, "In the past, there were cases where Bitcoin deviated from correlations with traditional assets, and at those times a significant surge followed." However, he added, "It cannot be concluded that the same trend will repeat this time."
PlanB said, "The correlation may recover, but conversely there is also a possibility that it will break completely this time," and "Only time will tell the result."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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