Bitcoin Decouples From US Stocks and Gold at $87,500, PlanB Warns of Possible 10x Rally Despite Structural-Break Uncertainty
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
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COINOTAG News notes that PlanB observes Bitcoin trading around $87,500, a price that markedly diverges from its historically correlated paths with US stocks and gold. This marks a potential Bitcoin decoupling from macroassets, with implications for traders assessing cross-asset risk.
Based on historical correlation calculations, BTC would align with US stocks near $6,900 and with gold around $4,500, underscoring a pronounced misalignment.
PlanB cautions that a comparable correlation deviation appeared when Bitcoin traded under $1,000, a period historically followed by roughly a 10x rally. He warns that if the correlation relationship has structurally changed, the trajectory may diverge from prior history, and time will validate the outcome.