Altcoins are diverging from Bitcoin, and major volatility might be just around the corner!
The Correlation Heatmap is a powerful tool for analyzing how dozens of altcoins behave compared to Bitcoin. When the correlation approaches 1, it means altcoins are closely following Bitcoin’s price movements, whether rising or falling. On the other hand, values near 0 or negative indicate that altcoins are moving independently.
Historically, periods of negative correlation have often preceded significant waves of volatility in the crypto market. In other words, this negative correlation likely won’t last long, and big movements could be on the horizon.
Get ready for what’s coming! Explore detailed analyses across multiple timeframes and unique metrics at Alphractal.com.
