-->Bitcoin vs U.S. Dollar Index-->
•DXY rose to 99.4, up from 96.6 in just three weeks as investors moved to cash and government bonds.
•Historically, BTC performs best when the dollar weakens, like the rally from Mar-Aug 2025.
•Yet Bitcoin held the $68,000 level even while the dollar strengthened.
($1.5 Billion)Bitcoin ETF inflows in just 7 days
Institutional demand still accelerating, supply shock narrative still intact.
Analyst View:-
Dollar strength usually pressures risk assets. But BTC holding support suggests structural demand absorbing macro headwinds.
-->Bitcoin Decoupling from Tech Stock-->
•BTC-Nasdaq 30-day correlation dropped to 69%, down from 92% a week earlier.
•Nasdaq sits just 6% below its all-time high, yet Bitcoin trades ~52% below its peak.
•The deviation is showing that Bitcoin is no longer moving in lockstep with tech equities.
Analyst View:-
Bitcoin's market identity keeps evolving. This drop in correlation might be hinting that BTC may be transitioning back to being a macro asset.