PlanB: Bitcoin Highly Disconnected from Stock-to-Flow and Gold, Possibility of Another 10x Bull Market Still Validating
BlockBeats News, December 27th, PlanB stated that the current price of Bitcoin is around $87,500, significantly deviating from its historically correlated range with US stocks and gold. Based on past correlation calculations, the price ranges of Bitcoin corresponding to US stocks and gold are approximately $6,900 and $4,500, respectively, showing that BTC is in a significant "decoupled" state.
PlanB pointed out that a similar correlation deviation occurred when Bitcoin was below $1,000, eventually triggering about a 10x price increase. However, he also warned that if the correlation relationship has been structurally broken, this trend may be different from history, and the final result will still need time to validate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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