How S&P 500 trades against Bitcoin. A rising ratio means SP500 is outperforming BTC. EMA 21/55 is applied to the ratio itself, so the relative-strength trend gets its own bull/bear read.
Numerator
Denominator
Timeframe
Ratio (1d)
0.1207
Trend
SP500 leading
7d
+3.4%
30d
+2.2%
90d
+33.6%
Candlestick · same chart engine as Charts
SP500/BTC
1d
02:00:13
O 0.1198H 0.1207L 0.1198C 0.1207+0.75%V 83.9K
Line & normalized · alternate view
SP500/BTCEMA 21EMA 55
Live 24/7 candles from Hyperliquid. The ratio divides the numerator’s close by the denominator’s on each aligned bar; wicks use same-field (high/high, low/low) bounds, not cross-corners, so the bar reflects the realistic intra-bar ratio range. Note: some HL perps (e.g. xyz stock markets) trade on a scaled contract price, so the ratio’s absolute level can differ from the real-world price ratio — read it for trend and % change, not absolute value. Use the picker to chart any two assets we track — e.g. BTC/ETH or NVDA/S&P 500.