What is the correlation between spy puts and cryptocurrency prices?

1 answers

• JimboOct 02, 2022 · 3 years ago
  At BYDFi, we believe that the correlation between spy puts and cryptocurrency prices is minimal. While spy puts are commonly used in the stock market to hedge against potential losses, the cryptocurrency market operates independently and is driven by different factors. Cryptocurrency prices are influenced by factors such as market demand, technological developments, regulatory changes, and investor sentiment. While there may be some indirect effects due to overall market sentiment, it is unlikely that the trading of spy puts has a significant impact on cryptocurrency prices. It's important for investors to evaluate the specific factors and trends within the cryptocurrency market rather than relying solely on the correlation with spy puts.
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