BONK: Beta to BTC (7D)
Shown as its Apr–Jun 2023 sample; the latest readings and full history are included with Pro.
7-day beta of BONK to BTC.
Why use it. How strongly BONK amplifies Bitcoin's moves. How to read it. Above 1 BONK moves more than BTC.
Calculation. Covariance of hourly log returns with BTC / variance of BTC returns, over the last 7 days. CryptoKeyhole's own hourly BONK/USD index from public exchange candles, from 4 January 2023. In the last 30 days it drew on the markets of Binance, Bitstamp, Bybit, Coinbase, Kraken, KuCoin and OKX. Contracts quoted per 1,000 coins (1000BONK, BONK1000, kBONK) are converted to single coins.