🔍 Do you know how BTC secretly influences other coins? 🚀
My friend lost $500 on ETH, not knowing this fact about BTC! 😲 Here’s the problem: few know that Bitcoin is not just a “market leader,” but also affects the movements of other coins through correlation. Unknown fact: BTC has a high correlation (0.94) with Ethereum (ETH) and Litecoin (LTC), but a negative correlation (-0.4 to -0.8) with the US dollar (DXY)!
On Binance Square, they buzz: when BTC rises (like in April 2025 to $97,996), ETH and LTC often follow its movement because traders see them as Bitcoin’s “younger brothers.” But when the dollar strengthens, BTC falls, and USDT pairs become a refuge. For example, in January 2025, traders converted BTC to USDT when the market fell and profited by buying BTC back at lower prices! 📉📈 But hurry: correlation can change due to halving or regulations.
Why is this important? BTC movements dictate trading strategies on BTC/ETH, BTC/LTC, and BTC/USDT pairs.
🔑 What to do?
1. Monitor BTC/ETH and BTC/LTC on Binance Spot.
2. Check DXY to anticipate BTC/USDT movements.
3. Share your thoughts in #BinanceSquare!
💥 Don’t miss the chance to trade smarter! Which pair are you tracking? Comment below! 👇
#BinanceSquare #BTC #Crypto2025 #BSCUserExperiences #AmericanBitcoinLaunch
