As BTC surpasses the $93,000 level, the possibility of a repeat of past patterns is being raised. Industry analyst PlanB mentioned that the long-term correlation between BTC, stocks, and gold has now clearly been broken. Specifically, this means that the historical linkage among these assets has collapsed at around $87,500 for Bitcoin, $6,900 for stocks, and in the $4,500 range for gold.
An interesting point is that similar phases have appeared in the past. Even during the early stages when BTC was below $1,000, such a breakdown in correlation was observed, and subsequently, Bitcoin's price increased by more than tenfold. This suggests that the disconnection in correlation could be a signal that the market is entering a new phase.
However, PlanB's position is that it is uncertain whether the current situation will unfold the same way as in the past. There is also a possibility that the correlation will be re-established, and it is necessary to monitor future market movements to understand its true significance. More time and data are needed to determine whether the current change in correlation between BTC and traditional assets is merely a technical phenomenon or a sign of structural change.
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As BTC surpasses the $93,000 level, the possibility of a repeat of past patterns is being raised. Industry analyst PlanB mentioned that the long-term correlation between BTC, stocks, and gold has now clearly been broken. Specifically, this means that the historical linkage among these assets has collapsed at around $87,500 for Bitcoin, $6,900 for stocks, and in the $4,500 range for gold.
An interesting point is that similar phases have appeared in the past. Even during the early stages when BTC was below $1,000, such a breakdown in correlation was observed, and subsequently, Bitcoin's price increased by more than tenfold. This suggests that the disconnection in correlation could be a signal that the market is entering a new phase.
However, PlanB's position is that it is uncertain whether the current situation will unfold the same way as in the past. There is also a possibility that the correlation will be re-established, and it is necessary to monitor future market movements to understand its true significance. More time and data are needed to determine whether the current change in correlation between BTC and traditional assets is merely a technical phenomenon or a sign of structural change.