Bitcoin Bull Market Setup Mirrors 2015, Willy Woo Says as Debate Grows
Key TakeawaysWilly Woo sees parallels between the current market and 2015.Another analyst says his data shows no such decoupling.Different calculation periods can produce sharply different readings. Bitcoin-Stock Split Revives the 2015 Comparison Bitcoin market analyst Willy Woo argued Sept. 6 that BTCs relationship with stocks had reached its widest divergence in nearly a decade, potentially resembling an early stage of the cycle that culminated in the 2017 bull market. Woo shared a long-term bitcoin-to-S it incorporates months of earlier co-movement that a shorter calculation may exclude. Recent Data Show a Shifting Market Relationship Broader market conditions provide some support for Woos concern about equity fragility, although they do not establish that the 2015 sequence will repeat. Grayscale recently cited record U.S. household equity exposure and elevated stock valuations in its assessment of equity concentration risk, arguing that concentrated portfolios could become more vulnerable to an equity-market reversal. Other correlation measures indicate that bitcoin has recently moved away from technology stocks while drawing closer to gold. Bitwise data showed bitcoin‘s 90-day correlation with gold moving above 0.5, while Glassnode data showed bitcoin’s 30-day correlation with the S&P 500 falling toward zero during the August rally. The changing correlation profile supports the broader decoupling discussion without confirming









