Data: BTC has no significant correlation with most traditional assets

Skew data shows that, in terms of the annual return of macro assets, BTC is currently far ahead of other assets, such as gold, the S & P 500 index (SP 500), the US dollar and the WTI crude oil commodity index. At the same time, there is a clear divergence between the BTC and the S & P 500 Index, which was formed last week. As the price of bitcoin rises slowly, the S & P index is declining. For US 10Y (10-year U.S. Treasury bond), the same divergence began in December 2019. However, since the beginning of 2020, the annual return of US 10Y has fallen from 1.9% to 1.6%. At the same time, Bitcoin has increased by 34%. Even the Dow Jones Industrial Stock Price Index (DJI) has an annual return of only 1.18%, which is difficult to maintain. This shows that Bitcoin is not related to many assets.