Oil and Bitcoin

Oil moved +16.9% over 21 sessions and Bitcoin moved +3.9%. Their daily link is -0.28, but earlier oil shocks produced a positive Bitcoin month only 6 of 13 times.

This page starts with the current oil and Bitcoin move, then checks the dollar, US shares and energy companies. It also studies comparable oil shocks in the past and shows what Bitcoin did after each one.

OIL
BTC
a shared move is not automatically a shared cause
Oil · 21 sessions+16.9%Current move
Bitcoin · 21 sessions+3.9%Same dates
Oil-company shares+1.1%Energy-sector confirmation
Dollar · 21 sessions+1.8%Pressure check
Oil and Bitcoin link-0.28Latest 30 sessions
Longer oil-Bitcoin link-0.12Latest 90 sessions
Current link rank17.6%Within three-year history
Past 15% oil shocks13Non-overlapping 21-session episodes
Bitcoin joined oil shocks6 of 13Bitcoin also rose
US shares joined8 of 13Broad shares also rose
Energy shares confirmed13 of 13Energy shares also rose
Dollar rose in oil shocks9 of 13A pressure complication
Bitcoin rose next month6 of 13After oil shock ended
Typical next Bitcoin move-6.1%After earlier oil shocks
Bitcoin minus oil-13.0%Current relative move
Energy shares minus oil-15.7%Company confirmation gap

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What happened during earlier oil shocks?

Oil, Bitcoin, US shares, energy companies and the dollar are checked over the same dates. The following Bitcoin month is shown separately.

Oil surge endedOilBitcoinUS sharesEnergy sharesDollarBitcoin next 21 sessions
13 Apr 2023+15.2%+22.8%+6.0%+7.6%-2.0%-11.8%
25 Jul 2023+15.1%-4.8%+5.1%+11.3%-1.1%-9.6%
27 Sep 2023+17.0%+0.9%-3.4%+5.3%+3.1%+29.6%
13 Jun 2025+15.6%+2.5%+1.6%+3.3%-2.5%+11.0%
04 Mar 2026+20.1%-7.6%-1.5%+12.3%+1.6%-8.0%
02 Apr 2026+49.4%-8.0%-4.0%+6.1%+1.6%+19.3%
18 May 2026+29.6%-0.2%+4.0%+10.1%+1.2%-16.3%
22 Jul 2026+16.1%+3.4%+0.4%+9.5%+0.3%+10.5%

Oil moved +16.9% over 21 sessions and Bitcoin moved +3.9%. Their daily link is -0.28, but earlier oil shocks produced a positive Bitcoin month only 6 of 13 times.

Research by for Charlie Quant Lab · Updated