ORDI: Beta to BTC (7D)
Shown as its Jul–Sep 2023 sample; the latest readings and full history are included with Pro.
7-day beta of ORDI to BTC.
Why use it. How strongly ORDI amplifies Bitcoin's moves. How to read it. Above 1 ORDI 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 ORDI/USD index from public exchange candles, from 20 May 2023. In the last 30 days it drew on the markets of Binance, Bybit, KuCoin and OKX.