Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting ‘carry trade’ theory
Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.
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Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.
IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.
Dubai lawyer Irina Heaver says European founders are flocking to the UAE for faster licensing, a dedicated crypto regulator and access to markets beyond Europe.
Active addresses jumped 72% in two weeks while open interest fell to its lowest level since July 2025, giving traders a cleaner setup even as price remains trapped below resistance.
Bitcoin held below $60,000 as a surging dollar kept crypto pinned. Onchain demand stayed quiet through the week’s losses, and Strategy’s plan to possibly sell bitcoin added to the caution.
Executives at major platforms CoinDCX and CoinSwitch say the premium reflects a demand-supply imbalance and thin local liquidity.
BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar higher across the board.