Question about $BTC correlation with stock market
แปลอัตโนมัติจากต้นฉบับ · อ่านต้นฉบับ (English)
I've been trading $BTC for a while now. Lately, I've been trying to look at the bigger picture, not just the charts. So I started to be interested in its correlation with other assets, especially with stock markets like $SPX or $NDX. Last year, I heard a lot of people saying that Bitcoin was starting to be a safe-haven, or sometimes they said it was like tech stocks, meaning it followed the Nasdaq.
But sometimes it seems to move in the opposite direction, or sometimes it just moves on its own. So I'm wondering, for those of you who have been trading longer, what are your thoughts or what metrics do you use to assess the correlation between $BTC and the stock market? Because when I try to look at the numbers myself, they're always fluctuating, so I'm not sure how to use this to make truly useful trading decisions.