Bitcoin and Yen Correlation Hits -0.90: Why the Crypto Carry Trade Theory is Dead
A remarkable macroeconomic shift is underway as the statistical relationship between Bitcoin (BTC) and the Japanese Yen (JPY) challenges long-held market assumptions. Data from TradingView indicates that the 52-week rolling correlation coefficient between Bitcoin’s USD price on Coinbase (COIN) and the USD/JPY currency pair has plunged to -0.90. This represents the most extreme negative reading … Read more




