Strategy Inc. vs Bitcoin

The price ratio is currently above its 50-day moving average, indicating MSTR has been gaining relative ground recently. The ratio is extended at 6.6% from its 50-day average, suggesting the relative move may be overdue for a pullback. The z-score of -1.06 shows a notable deviation from the long-term average.

Performance is mixed — BTC-USD leads over the 63-Day timeframe while MSTR 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 0.76. The short-term and long-term correlations are closely aligned at 0.84 and 0.76, indicating a stable relationship. High correlation means these assets offer limited diversification benefit when held together.

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 (28/100 vs 34/100), indicating neither has a clear directional edge. MSTR carries a better risk profile (29/100 vs 14/100), with lower overall risk metrics. MSTR is 2.5x more volatile than BTC-USD on a 21-day basis (130.6% vs 53.2%), which means larger price swings in either direction. MSTR has experienced a deeper maximum drawdown over the past year (76.5% vs 49.7%), indicating higher tail risk. With a 63-day correlation of 0.84, these assets tend to move together — meaning the risk characteristics above are likely to manifest in tandem.

MSTR 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 -1.06 is notably extended, suggesting BTC-USD may be stretched relative to MSTR. On a flow basis, BTC-USD shows stronger capital accumulation (58 vs 43). BTC-USD carries lower short-term volatility (+53.2% vs +130.6% 21-day), with max drawdowns of -76.5% and -49.7% respectively. With a 63-day correlation of 0.84, these assets move closely together — limiting diversification benefit. Monitor the ratio trend and flow divergence for early signals of a shift in relative leadership.