MEW: Beta to BTC (7D)
Shown as its Jul–Sep 2024 sample; the latest readings and full history are included with Pro.
7-day beta of MEW to BTC.
Why use it. How strongly MEW amplifies Bitcoin's moves. How to read it. Above 1 MEW 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 MEW/USD index from public exchange candles, from 15 April 2024. In the last 30 days it drew on the markets of Bitstamp, Bybit, Kraken, KuCoin and OKX.