At this point: 1. Bitcoin's Price = $22.8k (2x from October | LibreCharts

At this point:

1. Bitcoin's Price = $22.8k (2x from October 2020)

2. GBTC Premium = +40.18%

3. Pearson's Coefficient = 0.619 (notably went higher the following week to >0.7 territory; showing strong correlation)

Conclusion to Make From the Facts Above

When the premium was low for GBTC (or not enough to present itself as an opportunity for investors), we saw a decoupling of Bitcoin's Price from the GBTC premium / discount rate altogether.