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Which coins have decoupled from BTC?

Return correlation of the top 200 coins with BTC, compared with each coin’s own annual norm — who moves on their own, and who rises while the market falls.

Last closed candle: 8 out 2026, 12:00 UTC 98 of 200 coins have fresh data, 59 with a full annual norm

Verdict · 30 days 11 coins have decoupled from BTC BTC over 30 days +2.7%
Decoupled 11 9 starting to decouple
Beating BTC 53 / 98 Coins with a higher return than the benchmark
Herd Index 0.48 ▲ 0.04 Coins partly follow BTC
ETH ↔ BTC 0.84 Correlation of the two benchmarks

Decoupling map

Each coin is placed by how closely its returns follow BTC (left — more independent) and by its return relative to BTC (up — ahead). The dashed line is the Herd median; select a coin to see how far it moved from its usual level.

Herd median Shift from own norm
Return vs BTC, pp ↑
← independent · Return correlation with BTC · in step →
60 of 98 coins on the map; all are in the table.
Returns over the window, both from 0% 1INCHBTC
Rolling correlation vs own norm CorrelationOwn annual norm
Recorded decoupling periods
Loading…

Moving on their own

Confirmed decouplings with the highest priority: rare for the coin, low in absolute terms and recent.

Starknet

STRK / BTC
81/100
+94.8 pp

STRK +97.5% · BTC +2.7%

Correlation
0.29
Usual
0.58
Δ
−0.29
Show on the map →

NEAR Protocol

NEAR / BTC
68/100
+89.2 pp

NEAR +91.9% · BTC +2.7%

Correlation
0.38
Usual
0.63
Δ
−0.25
Show on the map →

Ethena

ENA / BTC
69/100
+22.4 pp

ENA +25.1% · BTC +2.7%

Correlation
0.46
Usual
0.65
Δ
−0.19
Show on the map →

Sei

SEI / BTC
62/100
+24.9 pp

SEI +27.6% · BTC +2.7%

Correlation
0.48
Usual
0.70
Δ
−0.21
Show on the map →

Strongest against BTC

BTC returned +2.7% over the window; these coins did best relative to it.

  1. BTW +201.8 pp
  2. STRK +94.8 pp
  3. NEAR +89.2 pp
  4. BP +88.6 pp
  5. AIOZ +68.3 pp
  6. GRASS +65.3 pp

Starting to decouple

Current correlation (marker) against the coin’s usual level (tick). Score combines rarity, level and speed of the drop.

  1. TEL 0.37 / 0.51 67/100
  2. LTC 0.49 / 0.74 58/100
  3. TRX 0.25 / 0.39 58/100
  4. MANA 0.44 / 0.68 57/100
  5. JUP 0.49 / 0.70 55/100
  6. SUI 0.57 / 0.76 53/100

Back with the market

Recently completed periods and the coin’s return relative to the benchmark during them.

  1. No completed periods recorded yet.
Periods
0
Avg. days
—
Avg. relative
—

How much of the market moves together?

Median correlation of 62 eligible top-100 coins with BTC. Below 0.45 the market moves more independently than usual.

Herd Index 0.48 ETH ↔ BTC 0.84 Low-herd threshold

Compare every coin

98 coins with fresh data. Sort by any column; select a row to inspect it on the map.

Compare every coin
Coin Correlation Usual Δ vs BTC, pp Coin return Beta R² Stage Score Correlation trend
STRKStarknet 0.29 0.58 −0.29 +94.8 +97.5% 1.53 0.09 Decoupled · 4 d 81
NEARNEAR Protocol 0.38 0.63 −0.25 +89.2 +91.9% 1.77 0.15 Decoupled · 6 d 68
ENAEthena 0.46 0.65 −0.19 +22.4 +25.1% 1.74 0.21 Decoupled · 5 d 69
SEISei 0.48 0.70 −0.21 +24.9 +27.6% 1.47 0.23 Decoupled · 6 d 62
GRASSGrass 0.22 0.40 −0.17 +65.3 +68.0% 1.09 0.05 Decoupled · 6 d 70
SUISui 0.57 0.76 −0.19 +21.4 +24.1% 1.98 0.33 Starting to decouple 53
AVAXAvalanche 0.55 0.79 −0.24 +21.5 +24.2% 1.82 0.31 Starting to decouple 51
HBARHedera 0.43 0.73 −0.30 +7.4 +10.1% 1.46 0.18 Decoupled · 6 d 65
JUPJupiter 0.49 0.70 −0.21 +40.5 +43.2% 1.68 0.24 Starting to decouple 55
ZBCNZebec Network 0.31 0.44 −0.13 +19.8 +22.5% 1.16 0.10 Decoupled · 4 d 59
KCSKuCoin Token 0.41 0.70 −0.29 +5.0 +7.7% 0.44 0.17 Decoupled · 4 d 75
WLFIWorld Liberty Financial 0.26 0.48 −0.22 −6.3 −3.5% 0.44 0.07 Decoupled · 5 d 68
DOTPolkadot 0.50 0.69 −0.19 −16.5 −13.8% 1.47 0.25 Starting to decouple 51
LTCLitecoin 0.49 0.74 −0.25 +9.9 +12.6% 1.18 0.24 Starting to decouple 58
SPXSPX6900 0.60 0.72 −0.12 −37.4 −34.7% 1.99 0.36 Moving together 47
MANADecentraland 0.44 0.68 −0.24 +16.6 +19.3% 1.49 0.20 Starting to decouple 57
WLDWorldcoin 0.41 0.56 −0.15 −4.5 −1.8% 1.64 0.17 Decoupled · 6 d 57
TRXTRON 0.25 0.39 −0.14 −4.6 −1.9% 0.13 0.06 Starting to decouple 58
ONDOOndo 0.52 0.76 −0.23 +12.0 +14.7% 1.98 0.27 Moving together 46
AAVEAave 0.61 0.74 −0.13 +23.3 +26.0% 1.63 0.38 Moving together 29
PEPEPepe 0.51 0.72 −0.21 −0.5 +2.2% 1.83 0.26 Decoupled · 4 d 62
DEEPDeepBook Protocol 0.51 0.68 −0.17 +16.6 +19.3% 1.84 0.26 Starting to decouple 52
USELESSUseless Coin 0.47 0.55 −0.08 −39.4 −36.7% 3.07 0.23 Moving together 39
BCHBitcoin Cash 0.46 0.57 −0.11 +6.2 +8.9% 1.42 0.21 Moving together 48
XRPXRP 0.73 0.80 −0.07 −8.9 −6.2% 1.49 0.53 Moving together 40
ETCEthereum Classic 0.62 0.70 −0.08 −12.8 −10.1% 1.57 0.39 Moving together 36
TELTelcoin 0.37 0.51 −0.15 −1.2 +1.5% 1.50 0.13 Starting to decouple 67
ARBArbitrum 0.50 0.70 −0.21 −5.2 −2.5% 2.40 0.25 Moving together 47
PIPi 0.46 0.45 +0.02 −21.6 −18.9% 0.79 0.22 Moving together 20
LINKChainlink 0.70 0.85 −0.15 −5.3 −2.6% 1.59 0.50 Moving together 40
LEOUNUS SED LEO 0.10 0.10 −0.00 −6.2 −3.5% 0.06 0.01 Moving together 38
UNIUniswap 0.51 0.63 −0.12 +2.9 +5.6% 1.82 0.26 Moving together 45
ETHEthereum 0.84 0.89 −0.05 −5.2 −2.5% 1.15 0.70 Moving together 37
CROCronos 0.54 0.72 −0.18 −5.1 −2.4% 1.32 0.29 Moving together 39
OKBOKB 0.55 0.66 −0.11 +3.6 +6.3% 0.87 0.30 Moving together 42
FLUIDFluid 0.50 0.47 +0.04 +40.4 +43.1% 1.78 0.25 Moving together 26
PAXGPAX Gold 0.31 0.29 +0.02 −9.1 −6.4% 0.17 0.09 Moving together 32
VVVVenice Token 0.41 0.40 +0.01 −15.0 −12.3% 1.87 0.17 Moving together 23
GALAGala 0.51 0.68 −0.18 +8.0 +10.7% 1.75 0.26 Moving together 47
ZECZcash 0.49 0.50 −0.01 −8.4 −5.7% 1.79 0.24 Moving together 23
DOGEDogecoin 0.76 0.78 −0.02 −11.5 −8.8% 1.61 0.58 Moving together 17
XMRMonero 0.32 0.32 +0.01 +3.8 +6.5% 0.68 0.10 Moving together 31
ICPInternet Computer 0.45 0.57 −0.12 −5.3 −2.6% 1.34 0.21 Moving together 33
ADACardano 0.71 0.78 −0.07 −1.7 +1.0% 1.90 0.50 Moving together 32
SHIBShiba Inu 0.71 0.75 −0.04 −9.0 −6.3% 1.58 0.50 Moving together 20
MNTMantle 0.62 0.61 +0.01 −15.0 −12.3% 1.34 0.39 Moving together 11
GLMGolem 0.45 0.53 −0.09 +9.2 +11.9% 1.09 0.20 Moving together 37
XLMStellar 0.69 0.75 −0.06 −4.4 −1.7% 1.76 0.48 Moving together 24
XDCXDC Network 0.41 0.40 +0.01 +7.7 +10.4% 0.89 0.17 Moving together 23
BNBBNB 0.75 0.80 −0.05 −6.0 −3.3% 0.89 0.56 Moving together 16
HYPEHyperliquid 0.57 0.57 −0.00 −3.4 −0.7% 1.10 0.32 Moving together 15
BGBBitget Token 0.59 0.50 +0.09 −6.4 −3.7% 0.83 0.35 Moving together 13
BSVBitcoin SV 0.48 0.48 +0.00 +4.7 +7.4% 1.51 0.23 Moving together 19
BDXBeldex 0.13 0.06 +0.07 −6.2 −3.5% 0.13 0.02 Moving together 30
TAOBittensor 0.64 0.62 +0.02 −2.4 +0.3% 1.92 0.41 Moving together 10
WIFdogwifhat 0.68 0.68 −0.00 −8.6 −5.9% 2.30 0.46 Moving together 9
SOLSolana 0.84 0.84 −0.00 +1.4 +4.1% 1.41 0.71 Moving together 4
FLRFlare 0.63 0.61 +0.01 +0.1 +2.8% 1.06 0.39 Moving together 11
DYDXdYdX 0.55 0.55 −0.01 −0.4 +2.3% 1.76 0.30 Moving together 17
CCCanton 0.42 — — +5.9 +8.6% 1.19 0.18 No annual norm yet —
GRAMGram (prev. Toncoin) 0.44 — — −7.0 −4.3% 0.83 0.19 No annual norm yet —
XAUTTether Gold 0.32 — — −9.1 −6.4% 0.17 0.10 No annual norm yet —
PUMPPump.fun 0.33 — — +21.5 +24.2% 1.41 0.11 No annual norm yet —
ASTERAster 0.53 — — −13.3 −10.6% 0.94 0.28 No annual norm yet —
SKYSky 0.42 — — +8.9 +11.6% 1.46 0.17 No annual norm yet —
JSTJUST −0.01 — — +25.5 +28.2% −0.02 0.00 No annual norm yet —
GTGateToken 0.47 — — +12.4 +15.1% 0.99 0.22 No annual norm yet —
LITLighter 0.38 — — −26.7 −24.0% 1.65 0.14 No annual norm yet —
NEXONexo 0.56 — — −4.0 −1.3% 0.67 0.31 No annual norm yet —
PIEVERSEPieverse 0.40 — — −0.4 +2.3% 2.13 0.16 No annual norm yet —
BTTBitTorrent [New] 0.38 — — +16.2 +18.9% 0.65 0.14 No annual norm yet —
SUNSun [New] 0.41 — — −3.5 −0.8% 0.25 0.17 No annual norm yet —
XTZTezos 0.34 — — +20.0 +22.7% 1.10 0.12 No annual norm yet —
DCRDecred 0.18 — — +1.7 +4.4% 0.48 0.03 No annual norm yet —
MONMonad 0.50 — — −13.1 −10.3% 1.92 0.25 No annual norm yet —
NFTAINFT 0.12 — — −1.4 +1.3% 0.13 0.01 No annual norm yet —
AKTAkash Network 0.56 — — +12.8 +15.5% 1.74 0.32 No annual norm yet —
THETATheta Network 0.45 — — +8.1 +10.8% 1.41 0.21 No annual norm yet —
TRACOriginTrail 0.21 — — +15.8 +18.5% 0.81 0.04 No annual norm yet —
SENTSentient 0.30 — — +58.1 +60.8% 1.11 0.09 No annual norm yet —
MXMX Token 0.34 — — +5.5 +8.2% 0.32 0.12 No annual norm yet —
XCNOnyxcoin 0.31 — — +5.3 +8.0% 0.93 0.10 No annual norm yet —
GOMININGGoМining 0.17 — — +4.3 +7.0% 0.32 0.03 No annual norm yet —
VSNVision 0.22 — — +2.5 +5.2% 0.27 0.05 No annual norm yet —
1INCH1inch 0.53 — — −0.9 +1.8% 0.93 0.28 No annual norm yet —
GEODGEODNET 0.09 — — +22.6 +25.3% 0.37 0.01 No annual norm yet —
AIOZAIOZ Network 0.35 — — +68.3 +71.0% 1.79 0.12 No annual norm yet —
EDGEedgeX 0.41 — — −37.7 −35.0% 1.55 0.17 No annual norm yet —
ATHAethir 0.44 — — +27.0 +29.7% 1.58 0.19 No annual norm yet —
CAPCap −0.08 — — +56.2 +58.9% −0.62 0.01 No annual norm yet —
FUNFUNToken −0.04 — — +29.1 +31.8% −0.09 0.00 No annual norm yet —
RAINRain 0.11 — — −40.2 −37.5% 0.52 0.01 No annual norm yet —
BTWBitway 0.05 — — +201.8 +204.5% 0.54 0.00 No annual norm yet —
HTXHTX 0.42 — — −3.3 −0.6% 0.25 0.17 No annual norm yet —
CTMc8ntinuum 0.22 — — +20.0 +22.7% 0.43 0.05 No annual norm yet —
UBUnibase 0.06 — — +3.6 +6.3% 0.29 0.00 No annual norm yet —
APEPEApe and Pepe 0.11 — — +18.6 +21.3% 0.38 0.01 No annual norm yet —
BPBackpack 0.28 — — +88.6 +91.4% 2.38 0.08 No annual norm yet —

How to read this map

Right now the strongest confirmed separations from BTC include STRK, NEAR, ENA. The Herd Index is 0.48 across the eligible top-100 sample.

What the map measures

Most crypto assets respond to broad market conditions. Bitcoin and Ethereum often move in the same direction as many other coins, but the relationship changes. This map asks a narrower question than whether a price went up: did the asset’s short-period returns move in step with the selected benchmark, and is that relationship unusually weak for this particular asset?

Why returns, not prices

Correlation is calculated from logarithmic returns of matching, closed exchange candles. Comparing prices directly would make two unrelated upward trends look connected. The seven-day view uses 42 four-hour returns and reacts quickly. The default 30-day view uses 180 four-hour returns and is steadier. The 90-day view uses daily returns and describes slower changes. A missing candle breaks the sequence; we do not pretend that a longer gap was one ordinary return.

A correlation near +1 means the two returns tended to move together. Near zero means their linear movement was weakly related during the chosen window. Below zero means they tended to move in opposite directions. These are descriptions of past observations, not probabilities of a future rise. Short windows can change sharply after a single extraordinary move, a listing or thin trading.

The decoupling score

Low correlation alone is not a new event. Some coins have always behaved differently from Bitcoin or Ethereum. The decoupling score compares the current reading with the coin’s own median and distribution of rolling correlations over the preceding year. It also considers the absolute level and how quickly the relationship has weakened. If the required annual history is incomplete, the map still shows a measured current correlation but withholds the score, record badge and confirmed stage.

Reading the vertical axis

The vertical position adds direction. Relative performance is the coin’s percentage return minus the benchmark’s percentage return across the same window. A positive number can mean that both fell and the coin fell less. The stronger statement “rising while Bitcoin falls” is used only when the coin’s own return is positive and Bitcoin’s return is negative. An independent coin can also underperform; independence is not a benefit by itself.

Beta estimates how strongly a coin’s returns varied with a one-unit benchmark return in a simple linear model. R² describes what fraction of the coin’s return variation that model fits in the selected window. Neither measure proves that the benchmark caused the movement. A low R² also makes beta less useful as a summary of the coin’s behaviour.

Herd Index

The Herd Index is the median correlation of eligible top-100 coins with the selected benchmark. A higher value means a larger share of the observed market is moving together in the chosen window. A lower value can arise for many reasons; it does not by itself identify an altcoin season. The ETH–BTC reading beside it is a familiar reference, calculated by the same method.

Coverage and limits

Coverage matters. The map uses verified spot listings with USD or checked USD-equivalent quotes, enough aligned closed candles and a liquidity filter from the ranked universe. Coins without sufficient data are counted separately. A weak link may reflect exchange gaps, thin trading or negative coin-specific news. Do not treat a map position, score or historical period as a buy or sell instruction.

Stages and periods

The stage changes only after repeated closed observations. A coin can be starting to decouple, confirmed as decoupled, or recorded as having rejoined the benchmark. The gap between entry and exit thresholds prevents the label from switching on every small move. Completed periods can later be compared by their length and observed relative performance, with the sample count shown. Such summaries describe the recorded history of eligible assets; they are not a reliable estimate of what the next period will do. The same coin can behave differently against Bitcoin and Ethereum, so always check which benchmark the page names.