Bitcoin jumps 25% as S&P 500 dips 1.7%, pushing 30-day correlation near zero; inverse dollar tie remains intact

AI Market Summary

Bitcoin's 25% gain alongside a 1.7% S&P 500 decline pushed the 30-day BTC-equity correlation toward zero, reinforcing a diversification narrative. The inverse relationship with the U.S. dollar remained intact, consistent with macro-sensitive positioning. Glassnode indicates the rally was driven more by crypto-native flows than equity spillovers, implying BTC is trading on its own demand dynamics in the near term.

Impact level

● Medium

Affected assets

BTC/USDT+3.12%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Bitcoin rose 25% over the period while the S&P 500 slipped 1.7%, driving the 30-day correlation between the two toward zero. The long-observed inverse relationship with the U.S. dollar also held. With the rally taking shape even as equities weakened, Glassnode data suggests $BTC-specific flows are increasingly powering the move.

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