BTC and S&P 500 Price Divergence

Description

The BTC vs. S&P 500 price divergence metric helps track how these two assets move relative to each other. It measures the difference between their scaled prices, showing whether Bitcoin is outperforming or lagging behind the stock market. When the metric rises, it means Bitcoin is either dropping more than the S&P 500 or the S&P is rallying harder than BTC. When it falls, the opposite is true—Bitcoin is holding up better or even outpacing the stock market. This can be useful for spotting shifts in risk appetite, market sentiment, or broader macro trends affecting both assets.

BTC and S&P 500 Price Divergence Metric:

• btc_s_and_p_price_divergence - Difference between the scaled prices of the S&P 500 and Bitcoin

Access

Free Access

Measuring Unit

Divergence factor

Data Type

Timeseries Data

Frequency

Daily Intervals

Latency

Price Latency

Available Assets

Available for bitcoin

SanAPI

Available under name: btc_s_and_p_price_divergence

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{
  getMetric(metric: "btc_s_and_p_price_divergence"){
    timeseriesData(
      slug: "bitcoin"
      from: "2025-01-01T00:00:00Z"
      to: "2025-01-10T00:00:00Z"
      interval: "1d"){
        datetime
        value
      }
  }
}

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