BTC / ICP ratio and spread

1 BTC = 24667.38 ICP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.563 and the correlation between the legs is 0.44.

Set an alert on this pair The spread z-score is 0.34 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold BTC · If you hold ICP

Hedge ratio β 0.563

Spread z-score 0.34

Percentile, 1.0 y 21

Correlation 0.44

Half-life 16.9 1d

The spread is within ±2σ — the pair is near its own norm.

Alerts

Key numbers

Current ratio24667.4

Change 1d-8.02%

Change 7d-12.75%

Change 30d-22.77%

Period high37349.7

Period low10499.2

Hedge ratio β0.563

Spread z-score0.34

Correlation0.44

Half-life17 d

over 366 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 0.44, with a hedge ratio of 0.56. Signals from this pair carry more noise than on a tightly linked one.

The spread is at 0.34 standard deviations from its rolling mean, which is effectively at its own norm.

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 mid-range — 53% of the way from the low to the high of the last 366 daily candles.

Frequently asked

How many ICP is 1 BTC?

1 BTC is worth 24667.4 ICP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the BTC/ICP range?

Over the last 366 daily candles the ratio traded between 10499.2 (08.11.2025) and 37349.7 (31.10.2025).

Are BTC and ICP correlated?

The correlation of daily log returns between BTC and ICP is 0.44, 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/ICP spread z-score now?

The z-score is 0.34 — 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/ICP suitable for a pair trade?

The mechanics hold up: correlation is 0.44 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.

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.