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#BTCGoldCorr+0.50 Bitcoin may be changing who it trades with 👀
BTC's 90-day correlation with gold has climbed to roughly +0.50, near its 2020 peak, while its Nasdaq correlation fell to a one-year low near 0.33. BTC also jumped 22.4% in a week as spot ETFs pulled in $987M.
What caught my attention is the identity shift.
If this holds, BTC may be trading less like leveraged tech and more like a monetary asset alongside gold.
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