BTC and S&P 500 in the late stage of a bull market

🔵 S&P 500's return over the last 52 weeks is +13%, the market is still risk-on.

🔵 Correlation with Bitcoin is 0.26, meaning BTC generally moves along with stocks, but does not completely depend on them.

🔵 It is currently earnings season: 58 companies have already exceeded forecasts, the average profit growth has risen from 7% to 8% — a typical picture for the end of a bull cycle.