INIT: Correlation to BTC (7D)
7-day correlation of INIT and BTC hourly returns.
Why use it. Shows whether INIT 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 INIT and BTC indexes. 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.