INIT: Beta to BTC (7D)
7-day beta of INIT to BTC.
Why use it. How strongly INIT amplifies Bitcoin's moves. How to read it. Above 1 INIT 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 INIT/USD index from public exchange candles, from 24 April 2025. In the last 30 days it drew on the markets of Binance, Bybit, Kraken and KuCoin.