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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Bitcoin is a tracked market entity in the DigitalMoneyBox archive, making this useful context for readers monitoring repeated mentions and follow-up coverage.
Original source
Read on CoinDeskRelated market context
BoJ Holds at 1% as Yen Intervention Fades: Bitcoin’s Carry Trade Risk Grows
Japan’s Ministry of Finance confirmed yen buying, dollar selling intervention on July 30, sending USD/JPY sharply lower before the...
How thin weekend Bitcoin liquidity turns minor geopolitical news into massive Monday price gaps for ETF holders
An investor who owns Bitcoin through a brokerage account can finish work on Friday, check the closing price of a spot ETF, and ass...
If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k
Bitcoin enters the weekend near $62,900, less than 1% above the July 31 intraday low, and Deribit has already settled roughly $9.6...
New Bitcoin study shows the strongest recurring liquidation warning signs cannot warn of an individual crash
A new arXiv preprint studying seven major Bitcoin crashes found the warning signal shifting among price, leverage, and order flow...
Bitcoin And Ethereum Edge Higher As Traders Watch Altcoin Rotation
Bitcoin and Ethereum edged higher into July 31, while a small shift in market dominance suggested traders were again watching whet...
Coinbase Posts $359 Million Q2 Loss as Revenue Falls 14%, but Market Share Hits Record 10.3%
Coinbase reported $1.22 billion in second-quarter revenue on Thursday, down 14% from the first quarter and short of the roughly $1...