1/ #SPX crashed -10.65% last week, but BTC only dipped -0.5%. Their correlation Z-score is 0.76, yet BTC’s not reacting to the nuke. TOTAL market cap vs. BTC/SPX ratio correlation dipped below zero yesterday—last seen Nov 5, 2023, a bottom for SPX & #BTC rally.
2/ BTC/SPX RSI (EMA-smoothed) has a positive RoC, signaling BTC strength. SPX skewness (-1.45, STD 0.01098) shows downside risk, while BTC’s (-0.12761, STD 0.01727) is stable. BTC vol-adjusted range: 79,079.28–86,659.88. Suggests resilience.
3/ #SOL shines: positive Sharpe & Sortino ratios, oversold, skewness 0.67301 (STD 0.04547). OTHERS.D Z-score -1.02 signals #Altcoins decoupling from BTC dominance. SOL’s the optimal asset here.
4/ Strategy: Long $SOL now—best risk/reward, oversold with upside skew. Optional BTC long (79K–86K range) as a hedge. Avoid SPX until recovery clears.
Novices panic and react, while real Gs observe then act.
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