S: Beta to BTC (7D)

7-day beta of S to BTC.

Why use it. How strongly S amplifies Bitcoin's moves. How to read it. Above 1 S 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 S/USD index from public exchange candles, from 15 January 2025. In the last 30 days it drew on the markets of Binance, Bitstamp, Bybit, Coinbase, Kraken, KuCoin and OKX.