Bitcoin and Equities have been quite closely correlated for the past half-decade. I’m typing these words many hours before the futures open, so I have no idea what those look like by the time you read this, but as I sit here on early Sunday morning, Bitcoin continues to slide. The spread between these two is getting pretty big.
The green tinted area illustrates how much lower Bitcoin is than the SPY. My view is that this is going to resolve by equities “catching down” to equities.
