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THE MOST IMPORTANT BTC DATA RIGHT NOW MIGHT NOT BE PRICE. Everyone is staring at the chart. I’m watching the correlations. Bitcoin’s 90-day correlation with gold has climbed to +0.50 — around the levels seen near the 2020 highs and only the second time it has crossed 0.5 since 2015. Meanwhile, BTC’s correlation with the Nasdaq has fallen to around 0.30, a one-year low. That’s a pretty interesting shift. BTC is slowly moving from tech stock with leverage” toward “digital gold. #DailyOrbit