CAKE in plain facts
Updated 2026-11-15 (UTC) · Binance spot data
How CAKE behaves versus Bitcoin
CAKE has a beta of 1.04 against Bitcoin: moves roughly 1:1 with Bitcoin (~1.04×). In plain terms, on a day Bitcoin moves 1%, CAKE has moved about 1.04% on average in the same direction. Beta describes past co-movement over the available daily history; it is not a forecast.
What CAKE moves with
Over the last 90 days its daily moves tracked BNB (0.77) and LTC (0.68) most closely among the large coins we compare against. A correlation of 1.0 would mean they moved in lockstep; 0 would mean no relationship.
Where CAKE sits in its own history
Today's price is higher than on 21% of the days in its last 5 years on Binance — in the lower-middle of its range.
How volatile CAKE is
Its annualised volatility over the last 90 days is 74.8%, about 1.68× Bitcoin's over the same window. Today's move: a typical day (~1.2× normal).
CAKE's worst drawdown
The deepest peak-to-trough fall in this window was -93.6%, bottoming on 2023-10-19. Context: an extraordinary market period (no single event matched). This number is free on Sightglass and always will be.
Reading
CAKE — a coin that moves roughly 1:1 with Bitcoin; moves most closely with BNB and LTC; currently sits in the lower-mid zone of its 5-year range (21th pctile); more volatile than Bitcoin (~1.7×). Facts, not a call — the decision stays yours.
How these numbers are calculated
- Source: Binance spot daily candles (USDT pair), up to five years.
- Beta: regression slope of the coin's daily returns on Bitcoin's, over the shared history.
- Moves with: 90-day correlation of daily returns against 15 large coins.
- Historical position: share of days in the window with a lower close than today.
- Volatility: standard deviation of the last 90 daily returns, annualised (×√365).
- Worst drawdown: largest fall from a prior peak within the window.