BOME: Correlation to BTC (7D)

7-day correlation of BOME and BTC hourly returns.

Why use it. Shows whether BOME moves with Bitcoin. How to read it. Near 1 they move together; near 0 independently.

Calculation. Pearson correlation of hourly log returns over the last 7 days, from CryptoKeyhole's BOME and BTC indexes. CryptoKeyhole's own hourly BOME/USD index from public exchange candles, from 15 March 2024. In the last 30 days it drew on the markets of Binance, Bybit, KuCoin and OKX.