Glassnode is less convinced by bitcoin's recent divergence from U.S. equities, saying similar moves have previously been short-lived.

Bitcoin's 90-day Pearson correlation coefficient with gold hits all-time high while the Fear and Greed Index sits at 68.

Bitcoin's correlation with the S&P 500 has dropped to levels not seen since the FTX collapse, with 30-day readings hitting 0.18 as the two asset