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📊👀#BTC remains firmly in the risk-on asset category
Over the past 12 months, it’s maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. That’s why this risk-on environment is a strong setup for a breakout toward a new all-time high.
📊👀#BTC remains firmly in the risk-on asset category
Over the past 12 months, it’s maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. That’s why this risk-on environment is a strong setup for a breakout toward a new all-time high.
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