Tight correlation for months.
Note
Should also point out that, while this correlation has been valid since the latest bitcoin rally, it may not sustain if/when BTC prices take a massive shift in pricing. Like gold futures, BTC is a strong leading indicator for the market but you have to watch for strong divergences to know if the correlation will continue.Note
Looks like the mirror is broken. Possible money is flowing from BTC into equities (in particular, meme stocks which are well loved by a lot of the bitcoin crowd).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.