Coinbase Global Inc. vs Bitcoin

The price ratio is currently above its 50-day moving average, indicating COIN has been gaining relative ground recently. The ratio is near its 50-day average, suggesting no significant relative extension. The z-score of -0.47 indicates the ratio is within its normal historical range.

Performance is mixed — BTC-USD leads over the 63-Day timeframe while COIN has been stronger in the short term (10-Day). This divergence can signal a momentum shift.

These two assets have a moderate positive long-term correlation of 0.62. The short-term and long-term correlations are closely aligned at 0.74 and 0.62, indicating a stable relationship.

BTC-USD has a stronger flow score (58/100 vs 43/100), indicating more consistent accumulation pressure. However, Chaikin Money Flow tells a different story — BTC-USD shows net outflow (-0.17) despite its higher flow score, suggesting the capital picture is more nuanced. BTC-USD is seeing above-average volume (1.3x), adding conviction to its flow signal.

Both assets show similar trend momentum (35/100 vs 34/100), indicating neither has a clear directional edge. COIN carries a better risk profile (35/100 vs 14/100), with lower overall risk metrics. COIN is 2.1x more volatile than BTC-USD on a 21-day basis (113.1% vs 53.2%), which means larger price swings in either direction. COIN has experienced a deeper maximum drawdown over the past year (66.4% vs 49.7%), indicating higher tail risk.

COIN is currently gaining ground against BTC-USD, with the price ratio at 0.00 versus its 50-day average of 0.00. The 200-day z-score of -0.47 is within normal bounds, suggesting BTC-USD may be stretched relative to COIN. On a flow basis, BTC-USD shows stronger capital accumulation (58 vs 43). BTC-USD carries lower short-term volatility (+53.2% vs +113.1% 21-day), with max drawdowns of -66.4% and -49.7% respectively. With a 63-day correlation of 0.74, these assets move closely together — limiting diversification benefit. Monitor the ratio trend and flow divergence for early signals of a shift in relative leadership.