BlockBeats News, December 27 — PlanB stated that Bitcoin’s current price of approximately $87,500 has significantly deviated from its historical correlation ranges with US stocks and gold. Based on past correlation measurements, the Bitcoin price ranges corresponding to US stocks and gold are approximately $6,900 and $4,500, respectively, indicating that BTC is in a notable “decoupling” state. PlanB pointed out that similar correlation deviations occurred when Bitcoin was below $1,000, eventually triggering a roughly 10x rally. However, he also warned that if the correlation relationship has been structurally broken, this cycle’s trend may differ from history, and the final outcome will still need time to be verified.
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PlanB: Bitcoin significantly deviates from stock and gold correlations; whether it will repeat a 10x rally remains to be seen
BlockBeats News, December 27 — PlanB stated that Bitcoin’s current price of approximately $87,500 has significantly deviated from its historical correlation ranges with US stocks and gold. Based on past correlation measurements, the Bitcoin price ranges corresponding to US stocks and gold are approximately $6,900 and $4,500, respectively, indicating that BTC is in a notable “decoupling” state. PlanB pointed out that similar correlation deviations occurred when Bitcoin was below $1,000, eventually triggering a roughly 10x rally. However, he also warned that if the correlation relationship has been structurally broken, this cycle’s trend may differ from history, and the final outcome will still need time to be verified.