Data shows altcoins have been losing correlation with Bitcoin recently, and among them, XRP and BNB have seen particularly pronounced decoupling.
数据显示,山寨币近期与比特币的关联性正在丧失,其中XRP和BNB的脱钩尤为明显。
XRP & BNB Have Seen Largest Drops In 60-Day Correlation To Bitcoin
XRP 和 BNB 与比特币的 60 天相关性出现最大跌幅
As pointed out by an analyst in a post on X, BTC has recently seen a drop in correlation with the altcoins. The “correlation” here refers to an indicator that keeps track of how tied the prices of any two assets are right now.
正如一位分析师在 X 上的一篇文章中指出的那样,BTC 最近与山寨币的相关性有所下降。这里的“相关性”是指跟踪任何两种资产的价格目前的联系程度的指标。
When the value of this metric is positive, it means that the given assets respond to moves in each other’s price by moving in the same direction. The closer the indicator’s value is to 100%, the stronger this correlation is.
当该指标的值为正时,意味着给定资产通过向相同方向移动来响应彼此价格的变动。该指标的值越接近 100%,这种相关性就越强。
On the other hand, negative values imply that there is a negative correlation between the assets, as their prices are moving opposite to each other. In this case, the extreme is -100%, so the more negative the value, the more tight the relationship is.
另一方面,负值意味着资产之间存在负相关性,因为它们的价格走势相反。在本例中,极端值为-100%,因此该值越负,关系越紧密。
The 0% mark represents the point where no correlation exists between the prices, implying that movements in one have no bearing on how the other might perform.
0% 标记代表价格之间不存在相关性的点,这意味着一个价格的变动与另一个价格的表现无关。
Now, here is a chart that shows what the 60-day correlation between Bitcoin’s daily log returns and various altcoins looks like right now, as well as how it compared a year back:
现在,下面的图表显示了比特币每日对数回报与各种山寨币之间 60 天的相关性,以及与一年前的比较:
As displayed in the above graph, the 60-day correlation between Bitcoin and XRP appears to have significantly decreased in this period, as it has plunged from nearly 80% to almost 40%. This means that XRP’s price has been moving much more independently of BTC during the past 60 days.
如上图所示,比特币和 XRP 之间的 60 天相关性在此期间似乎显着下降,从近 80% 暴跌至近 40%。这意味着在过去 60 天内,XRP 的价格走势更加独立于 BTC。
BNB (BNB), Avalanche (AVAX), and Solana (SOL) have also seen some decoupling from the original cryptocurrency. Still, these alts have seen the indicator decline by much less than XRP has observed.
BNB (BNB)、Avalanche (AVAX) 和 Solana (SOL) 也与原始加密货币进行了一些脱钩。尽管如此,这些替代品的指标下降幅度远小于 XRP 观察到的水平。
Cardano (ADA) and Dogecoin (DOGE) are the altcoins that have observed the least amount of change. However, in the case of the memecoin the correlation was lesser than the other assets to begin with, so even with the small decoupling, its correlation level is still matching that of BNB.
卡尔达诺(ADA)和狗狗币(DOGE)是观察到变化量最小的山寨币。然而,就 memecoin 而言,相关性一开始就小于其他资产,因此即使有较小的脱钩,其相关性水平仍然与 BNB 相匹配。
Generally, correlation is something to watch for whenever an investor is trying to diversify their portfolio, as two assets with significant correlation wouldn’t provide much safety.
一般来说,每当投资者试图实现投资组合多元化时,就需要注意相关性,因为具有显着相关性的两种资产并不能提供太多安全性。
Thus, as XRP is currently the cryptocurrency least correlated with Bitcoin on this list, it might be a better diversification option than coins like Ethereum (ETH) or Polygon (MATIC), which have the 60-day value of the indicator at relatively high levels still.
因此,由于 XRP 目前是该列表中与比特币相关性最小的加密货币,因此它可能是比以太坊 (ETH) 或 Polygon (MATIC) 等代币更好的多元化选择,后者的 60 天指标值处于相对较高的水平仍然。
XRP Price
瑞波币价格
Just a few days back, XRP had revisited the territory above the $0.63 mark, but it wasn’t long before it slipped again and went under the $0.60 level. Since this low, though, the cryptocurrency has seen some recovery, as it has now neared $0.61 once again.
就在几天前,XRP 重新站上 0.63 美元大关上方,但不久之后又再次下滑并跌破 0.60 美元水平。不过,自这个低点以来,加密货币已经出现了一些复苏,目前再次接近 0.61 美元。