$BTC This is a label used to compare the performance of Bitcoin (BTC) against traditional markets such as stocks (S&P 500, Nasdaq), gold, or even fiat currencies. It aims to highlight:
The advantage or decline of BTC compared to other assets over specific periods of time.
Market fluctuations: how Bitcoin reacts to economic events or financial crises.
The independence of BTC: does it move independently or follow traditional market trends?
Investor perception: is Bitcoin considered a hedge or a speculative asset?