yeah this is why I don't get why we're still talking about Bitcoin as a hedge. We already saw it fail as a hedge during March's market collapse. https://twitter.com/A_XENOP/status/1363822149887291401 …
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macrocephalopod Retweeted macrocephalopod
You might like this chart!https://twitter.com/macrocephalopod/status/1361612232782708737 …
macrocephalopod added,
macrocephalopod @macrocephalopod
Chart below is correlation of BTC with SPX on five minute bars (each dot is one day, the line is a moving avg). Before Mar 2020, BTC was neither risk on nor risk off (uncorrelated with SPX) but for the last year it is very risk-on (positively correlated with SPX) pic.twitter.com/NGNJCnI1mV
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4:08 AM - 22 Feb 2021
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