Glassnode said Bitcoin’s relative strength has returned after a notably weak stretch against U.S. equities earlier this year. According to the firm’s post on X, Bitcoin outperformed the S&P 500 on only one-fifth of trading days in June, marking its weakest showing in six years. The update points to a sharp contrast between that June reading and current conditions.
Glassnode added that with U.S. stocks delivering a flat performance, Bitcoin’s win rate against equities has climbed back above 50%. In the firm’s view, that shift suggests there is distinct spot demand for Bitcoin itself rather than a move driven purely by broader risk sentiment. The statement was cited by Techub News in a market analysis brief published on Oct. 1, 2026.
Techub News reported that Glassnode said in a post on X that Bitcoin’s relative strength has returned.
According to Glassnode, Bitcoin outperformed the S&P 500 on only one-fifth of trading days in June this year, its weakest performance in six years.
Glassnode added that with U.S. stocks trading flat, Bitcoin’s win rate versus equities has moved back above 50%. The firm said this points to distinct buying demand for Bitcoin itself.
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