BTC vs Russell2000

Description

The BTC vs Russell2000 – Weekly Cycle Map compares Bitcoin’s performance against the Russell 2000 (IWM) to identify long-term risk-on and risk-off market regimes.
The indicator calculates the BTC/RUT ratio on a weekly timeframe and applies a moving average filter to highlight macro momentum shifts.

White line: BTC/RUT ratio (Bitcoin relative strength vs small-cap equities)

Yellow line: Weekly SMA of the ratio (trend filter)

Green background: BTC outperforming → macro bull regime

Red background: Russell 2000 outperforming → macro bear regime

Halving markers: Visual reference points for Bitcoin market cycles

This tool is designed to help traders understand capital rotation between crypto and traditional markets, improve timing of macro entries, and visualize where Bitcoin stands within its broader cycle.