Glassnode
Bitcoin beat the S&P 500 on just one-fifth of trading days in June, its weakest relative showing in six years. Its daily win rate is now back above 50%, while stocks are flat.
Why it matters
The change marks a reversal in Bitcoin's performance against equities. With stocks flat, the improved win rate points to a Bitcoin-specific bid rather than a rising stock market carrying both assets higher.
Market impact
The measure tracks how often BTC outperforms the S&P 500, not the size of its gains or its absolute price return. The question for investors is whether Bitcoin can sustain that edge beyond the latest reading.
Frequently asked questions
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How often did Bitcoin outperform the S&P 500 in June?
Bitcoin beat the index on just one-fifth of trading days in June.
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How unusual was Bitcoin's June performance against stocks?
June was Bitcoin's weakest stretch of daily outperformance against the S&P 500 in six years.
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What is Bitcoin's daily win rate against the S&P 500 now?
It is back above 50%, meaning Bitcoin is outperforming the index on more than half of trading days in the latest reading.
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Why does a flat stock market matter for this reading?
With stocks flat, Bitcoin's improved relative performance points to demand for Bitcoin itself rather than a broad equity-market lift.
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Does a higher win rate show how much Bitcoin's price has risen?
No. The win rate measures how often BTC beats the S&P 500, not the size of its gains or its absolute price return.
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