According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle. 

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on Long Reads Sunday, a reading of Lyn Alden’s piece for CoinDesk: “Bitcoin Correlations Depend on What Phase It Is In”

In it, Lyn argues that bitcoin’s correlation patterns are, in part, reliant on where bitcoin finds itself in its own cycles of expansion or consolidation.

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