DeFi Intel

Bitcoin, dollar move in near-perfect opposition. It hasn't been this extreme in almost 4 years.

The 30-day correlation between Bitcoin and the Dollar Index reached -0.90, the most negative since September 2022 per TradingView, tying about 81% of BTC's short-term moves to the dollar; SkyBridge's Anthony Scaramucci sees no meaningful recovery before October or November.

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