As volatility grips both crypto and traditional markets, analysts are turning their attention to a critical metric–the Bitcoin to S&P 500 ratio. According to Daan Crypto Trades, this ratio offers essential insights into Bitcoin’s next potential move, especially as macroeconomic pressures mount and bond markets remain unstable.

BTC/SPX Ratio Sheds Light on Market Dynamics

The BTC/SPX chart helps strip away the noise from equity markets, which have shown weakness in recent sessions. Daan notes that despite short‑term fluctuations, support for the ratio has held firm since 2024–a sign that Bitcoin may be poised for strength once broader markets stabilize.

He points to the potential influence of quantitative easing (QE) on Bitcoin. While the end of QE has historically been bullish for BTC, a renewed QE cycle–still pending–could serve as a new bullish catalyst. With the Federal Reserve still on the sidelines and the Bank of Japan signaling urgency, macro factors could soon shift sentiment sharply.

Bitcoin Faces Short‑Term Resistance, Bearish Threats

Technical signals suggest that Bitcoin is struggling to break through the $77,906 level. If bulls can’t sustain momentum, the price may retrace toward key supports at $74,578 and $74,457. A break below these thresholds could pave the way for a deeper correction, potentially sending BTC down to the $70,000–$72,000 range.

On larger time frames, no reversal signals have formed yet. If the weekly candle closes near the $73,881 zone, analysts warn that Bitcoin could remain under pressure and aim lower in the coming sessions.

Bond Markets and Global Macro Set the Stage

Market watchers are also closely monitoring developments in the bond market. Ongoing turbulence–particularly around Japan’s monetary policy–could prompt central bank interventions that ripple through all asset classes, including crypto.

With the BTC/SPX ratio acting as a reliable compass, traders are being advised to look beyond price charts alone. As macro forces continue to shape market direction, this ratio could provide early clues for both short‑term plays and longer‑term positioning.

In the meantime, Trump’s tariff pause triggered rally across crypto and stock markets.