98.5 crosses above zero… Bitcoin-S&P 500 90-day correlation rise slows
Original headline98.5로 0선 돌파…비트코인·S&P500 90일 상관 상승 둔화
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Bitcoin’s cumulative return-correlation Z-score with the S&P 500 crossed above zero for the first time since 2015, reaching 98.5, according to a CryptoQuant analysis by Darkfost. The 90-day correlation change rate eased to +6.3%, indicating the relationship is still strengthening but at a slower pace. The metric tracks return correlations over rolling 90-day windows rather than price levels. The zero-line breach is symbolic, signaling that BTC and equities have moved in the same direction for longer stretches. Traders should watch whether the correlation continues to decelerate or reverses, as it shapes bitcoin’s diversification case.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Bitcoin (BTC), S&P 500, CryptoQuant, Darkfost
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