BTC price, U.S. dollar move in near-perfect opposition. It hasn't been this extreme in almost 4 years.
CoinDesk
Bitcoin and the U.S. Dollar Index now show a strong inverse correlation of -0.90, the highest level seen since 2022.Summary
The correlation between Bitcoin and the U.S. Dollar Index (DXY) has reached -0.90, indicating a significant inverse relationship where the two assets move in opposite directions. Data suggests that approximately 81% of Bitcoin's short-term price movements are statistically linked to fluctuations in the DXY. Currently, Bitcoin's rally has stalled as the dollar gains strength amid broader macroeconomic pressures, specifically rising oil prices and geopolitical tensions in the Strait of Hormuz. While strong inflows into spot ETFs provide support, analysts suggest that macro factors and selling pressure from long-term holders continue to create headwinds for Bitcoin's immediate recovery.
(Source：CoinDesk)