Bitcoin historically correlated with the DXY but is now diverging. Although the DXY dropped to a five-month low of 103, Bitcoin remained stagnant, impacted by increased gold imports and a defensive market stance.
Tightening liquidity raises concerns for Bitcoin’s future price movements. With traditional safe havens gaining traction, BTC faces increasing volatility and pressure as investors reassess risk amidst evolving macroeconomic conditions.
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