Bitcoin Defies a Strong Dollar: Is Decoupling Underway?
- —BTC rose from about $63,000 in early August to nearly $87,000, now around $84,600
- —DXY climbed from 98.4 in early September to above 101
- —About $900 million in positions were liquidated near $87,000, mostly shorts
- —On September 24 BTC fell to $83,508 with $583 million in liquidations
Why it matters: If the dollar keeps rising while BTC holds its gains, it would signal a weakening inverse correlation and a shift in market dynamics.
Source: Cointribune EN
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