BTC / CELO ratio and spread
1 BTC = 1003196.74 CELO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.363 and the correlation between the legs is 0.63.
If you hold BTC · If you hold CELO
BTC has been more expensive against CELO than now only 5 % of the time over 1.1 years. If you hold BTC, this is worth a look at rotating into CELO.
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Key numbers
over 398 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.63, with a hedge ratio of 0.36. Signals from this pair carry more noise than on a tightly linked one.
The spread is at 1.06 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Historically the spread covers half the way back to its mean in about 17 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits in the upper part of its range — 88% of the way from the low to the high of the last 398 daily candles.
When this happened before
Divergences over 219 candles: 2. Closed by a return to the norm: 1. The median return took 23 days, the longest one 23 days.
The last closed one ran from 28.06.2026 to 21.07.2026, 23 days: peak z = -2.28, CELO was expensive against BTC.
One is running right now: it started on 21.08.2026, has lasted 71 days, peak z = 2.58, BTC was expensive against CELO. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 23 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 28.06.2026 — 21.07.2026 | CELO | -2.28 | 23 d |
A divergence here is the spread z-score leaving ±2σ; the return is the first value back inside ±0.5σ. Two thresholds rather than one: otherwise chatter right at the border would count as a dozen separate divergences. The first bars of the window are skipped — there z is computed on partial history.
Frequently asked
How many CELO is 1 BTC?
1 BTC is worth 1003196.74 CELO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BTC/CELO range?
Over the last 398 daily candles the ratio traded between 252399 (06.10.2025) and 1101321.59 (19.08.2026).
Are BTC and CELO correlated?
The correlation of daily log returns between BTC and CELO is 0.63, which counts as a moderate link. Log returns are used rather than prices: two rising assets correlate almost by default, joint day-to-day movement is what matters.
What is the BTC/CELO spread z-score now?
The z-score is 1.06 — the spread is within its usual range. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is BTC/CELO suitable for a pair trade?
The mechanics hold up: correlation is 0.63 and the spread historically covers half the way back to its mean in about 17 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do BTC and CELO diverge?
Over 219 daily candles the spread left ±2σ 2 times. The median return to the norm took 23 days.
Related pairs
Other pairs sharing a leg with this one.
All figures are computed from exchange data and describe past behaviour. Nothing here is investment advice.