Just to clarify, obviously I expect this will go away. But in the current environment, as defined by the global equity sell-off, SPX has been leading all major directional moves. Obviosuly I don't think that they should be traded interchangeably, especially for longer term
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1-month correlation between S&P 500 Futures and BTC based on hourly data is now at record highs. Pearson's correlation coefficient is at 0.324, which is a statistically significant but still low correlation. The correlation is higher than for SPX and gold thoughpic.twitter.com/ITrEABVDK2
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Truth that many want to ignore
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suckers rally
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Damn you Larpmaster for making sense again !pic.twitter.com/vQcFP5g3tP
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True, but what's the real cause of this correlation? - Market sentiment/risk appetite ? - Crypto space more and more Institutionalised ? Or a combination of multiple factors ...
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They are correlated for sure. Not sure how you go from that to longing them are effectively the same.
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True, it moved after Futures opened Sunday night
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