Bitcoin Holds $67K As Fear Index Stays In Extreme Zone
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The
Analyst says Bitcoin has lost its strength against equities
Bitcoin researcher Axel Adler Jr. noted that the short-term relationship between Bitcoin and the S&P 500 has weakened, with the 13-week correlation slipping below zero.
The BTC to S&P ratio has trended lower in 2026, as Bitcoin continues to underperform equities. Market volatility has stayed high, but Bitcoin’s price drawdowns have been larger than in stocks.
The BTC rally to $76,000 on March 17 also failed to develop into a sustained trend. With weak participation from smaller investors, this ratio suggests that BTC is currently being treated as a higher-risk asset relative to traditional markets.
This disconnect from traditional markets, combined with the current phase of “extreme fear,” may signal a potential buying opportunity for BTC investors.
Despite Bitcoin’s weak performance against the S&P 500, the underlying data tells a different story. BTC selling pressure hasn’t risen with negative market events, and whales are increasing their dominance as retail investors exit.
These signals suggest Bitcoin may be quietly entering an accumulation phase.
Related: Crypto gains political clout among 80% of UK young voters
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