36 Correlations. 6 Cryptos. One Matrix.
Everyone talks about "crypto correlation." But which crypto? Correlated to what?
Here's the full picture. 14 days of data. No speculation.
š THE CORRELATION MATRIX
vs SPY (Equities):
SOL: +0.65 ā Highest equity correlation
BTC: +0.63
ETH: +0.62
XRP: +0.58
ADA: +0.46
DOGE: +0.40 ā Lowest equity correlation
vs VIX (Fear Index):
ADA: -0.63 ā Most fear-sensitive
DOGE: -0.61
ETH: -0.61
SOL: -0.58
BTC: -0.33
XRP: -0.18 ā Least fear-sensitive
vs GOLD:
BTC: +0.46 ā Only true "Digital Gold"
XRP: +0.43
SOL: +0.28
ETH: +0.26
ADA: +0.12
DOGE: +0.09 ā No gold correlation
vs DXY (Dollar Strength):
XRP: -0.46 ā Most dollar-sensitive
BTC: -0.20
ADA: -0.03
DOGE: +0.01
SOL: +0.11
ETH: +0.21 ā Moves WITH dollar
š§ WHAT THE DATA REVEALS:
BTC = The only crypto actually correlated with gold (+0.46). "Digital Gold" isn't a meme for BTC. It's data.
SOL = Pure equity proxy. Highest SPY correlation (+0.65). When stocks rally, SOL leads. When they dump, SOL dumps harder.
XRP = Currency behavior. Strongest DXY correlation (-0.46). Dollar weakness = XRP strength. Most rate-sensitive (TNX -0.41).
ADA/DOGE = Fear traders. Highest VIX sensitivity. When panic hits, these move most.
ETH = Balanced exposure. No extreme correlations. The "index fund" of crypto.
š ON-CHAIN BONUS:
While you read this, whales moved 12,251 BTC today.
Largest single TX: 991.99 BTC (~$90M)
Top destination: Binance (556 identified flows)
Volume percentile: 92.6% (top 8% of all days)
The Takeaway:
Stop trading "crypto" as one asset class. Each token has a different macro personality.
Know what you're actually trading.
Data: 14-day correlation matrix + live on-chain | Jan 7, 2026
#bitcoin #Ethereum #solana #xrp #CryptoAnalysis #MacroCorrelation #dyor
$BTC
