
Bitcoin continues to diverge away from U.S. equities, second most uncorrelated period in over a year
Throughout 2022 Bitcoin and US equities were joined at the hip, first meaningful divergence from one another in over a year.
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Throughout 2022 Bitcoin and US equities were joined at the hip, first meaningful divergence from one another in over a year.

Old (over six months old) and young (under six months old) Bitcoin spending volumes have hit extremely low levels.

Bitcoin continues its decline on Feb. 22, down 2%.

This is actually a common theme after aggressive buying at the bottom of Bitcoin bear market cycles.

Over a 14 DMA Bitcoin is on its longest profit taking since the bull run back in 2021

OTC desks a method of trading crypto typically reserved for institutions and high-volume traders

The VIX breaks 23, DXY goes through 104, while BTC retreats

Roughly $3.8 billion worth of stablecoins have left exchanges in the past 30 days and some have flown into Bitcoin.

Taproot adoption and utilization drops in half to 9% and 3%, respectively, while memory usage has dropped to 88MB.

50% of the circulating supply have held Bitcoin for 2+ years, have experienced a 75% drawdown in terms of market cap.

Bitcoin 2020, 2021 and 2022 buyers currently underwater on purchases as realized price by year becomes support in previous bear markets.

Bitcoin briefly went below the realized price for all exchanges during the FTX collapse

As Bitcoin breaks $24k, correlation to traditional assets revealed — Bitcoin and S&P 500 only 16% correlated year to date (YTD).