BTC has reached a correlation high with the Nasdaq 100 index since 2022

robot
Abstract generation in progress

According to the data, the 30-day correlation coefficient between BTC and the Nasdaq 100 index is about 0.70, reaching the highest level in two years. A reading of 1 indicates that the assets move synchronously, while a reading of -1 indicates reverse correlation. K33 Research analysts Vetle Lunde and David Zimmerman wrote in a report: "The overall sensitivity to interest rates over the past month suggests an increased importance of Wednesday's CPI data. In addition, momentum related to Trump may still significantly increase in the days leading up to the inauguration." According to the data from the trading platform Derive.xyz, hedging activities in the options market are increasing, indicating that investors are preparing for increased volatility. Sean Dawson, research director of Derive.xyz, said that the proportion of bearish bets has increased, indicating that "investors are hedging potential downside risks" as the inauguration approaches. (Bloomberg)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
BlackCatBrothervip
· 01-15 05:08
Ambush 100x coin 📈
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)