Bitcoin Is Leading Indicator for S&P 500, Past Data Show

“History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500],” Delphi’s strategists, led by Kevin Kelly, wrote in a 2023 preview sent to clients on Wednesday. “Over the past five years, all major price reversals in BTC have preceded those in major equity indices.”