Bitcoin Just Broke the Carry Trade Rule Traders Swore By

Bitcoin's 52-week correlation with USD/JPY has hit -0.90, the most negative since late 2022, meaning about 81 percent of BTC's weekly moves now…

What a -0.90 reading actually tells you

A correlation of -0.90 means two things move in near-perfect opposition.

The carry trade theory everyone repeats just got flipped

For at least ten years, one story has dominated the yen-and-risk conversation: the carry trade.

Why this matters for your portfolio this week

The timing is what makes this live, not academic.

A quick checklist before you trade this

If you want to use this correlation rather than get used by it, keep a few things straight:

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