Bitcoin Decouples From Traditional Correlations as Crypto Asset Charts Independent Course

Bitcoin's price movements have broken from historical patterns, now showing neither correlation with tech stocks nor its traditional inverse relationship with gold. CryptoQuant data reveals BTC's 30-day correlation coefficient with Nasdaq has plummeted to near-zero levels (-0.07), while its correlation with Gold turned negative (-0.27) - a stark reversal from 2022's +0.50 gold correlation.

The decoupling suggests Bitcoin is being revalued as a distinct asset class rather than a risk-on proxy or inflation hedge. 'This is the first sustained period of independence from both equities and commodities since 2021,' noted analyst Maartunn, highlighting the statistical significance of the shift.

Market structure appears to be driving the change, with Bitcoin's liquidity profile diverging from traditional assets. The cryptocurrency's 90-day volatility has compressed to 2.3% - below both Nasdaq's 3.1% and gold's 2.8% - while maintaining its characteristic asymmetric return potential.