If you consider it from the sentiment perspective, it'll be ineresting to note that likely, large number of S&P holders are beginning to also hold BTC. As time progresses, this will increase. So, then sentiment will have higher similarity index between SPX and BTC. So, yes, your observations are good!
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Hai @haejin, I just saw in steemd that this is your 364th day on steemit, ie steemiversary. Will you post something different on this day to denote this milestone?