Bitcoin's win rate against the S&P 500 has risen above 50%, signaling stronger demand and outperformance after hitting a six-year low of 37.8% in mid-August. In September, Bitcoin gained about 7% while the S&P 500 remained flat, with Bitcoin's market cap rising 36% since mid-August compared to a 0.8% gain for the S&P 500. Analysts note Bitcoin is decoupling from stocks, with its correlation to the S&P 500 at the lowest since 2015. Institutional inflows into US spot Bitcoin ETFs and returning smaller holders are driving demand, but retail investors may be more momentum-driven. Key metrics to watch are Bitcoin's win rate staying above 50% and its correlation with stocks, which could signal Bitcoin becoming a distinct asset class with unique risks and drivers.
Bitcoin's recent performance against the S&P 500 is notable, and for readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 01, 2026 23:22 WIB: Among 50 major cryptocurrencies tradable on Pluang, 13 rose and 36 fell today. Polkadot (DOT) traded at Rp21.058 with a 1-day change of -5.54% and a Pluang order activity of 22% Sell / 78% Buy, typical hold time 121 days. Aave (AAVE) was priced at Rp2.999.810, up 4.88% with 45% Sell / 55% Buy order activity, and a typical hold time of 105 days. Compound (COMP) stood at Rp429.188, down 4.30%, with 27% Sell / 73% Buy order activity and a typical hold time of 97 days.
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