Indicator Overview

The Bitcoin vs. S&P 500 indicator tracks the ratio of Bitcoin’s price to the S&P 500 index on a logarithmic scale with an information panel showing daily, monthly, and yearly percentage changes in the ratio.

How To Use

Spikes signal Bitcoin decisively outperforming the S&P 500 and historically mark the strongest phases of altseason, risk-on rallies, and Bitcoin dominance cycles, ideal for overweighting BTC exposure. Plunges reveal Bitcoin lagging equities and typically coincide with risk-off environments, deleveraging, or Bitcoin-specific corrections, creating relative value opportunities. Divergences are highly predictive: Bitcoin price rallying while the ratio fades warns of weakening relative strength and impending underperformance, whereas Bitcoin weakness with a rising ratio screams impending Bitcoin outperformance and explosive rebound.