Bitcoin-S&P 500 correlation falls to -0.62 under 260-day price metric
AI Summary- Bitwise found Bitcoin-S&P 500 correlation diverged across price-level and daily-return measures.
- Bitcoin's 260-day log-level correlation reached -0.62, versus +0.40 for daily returns.
- A 5% Bitcoin allocation raised 260-day volatility and drawdown; both declined over 500 days.