IGV Breaks From Bitcoin as Correlation Turns Negative
Earlier negative-correlation episodes ended with Bitcoin catching up, making this split a test of whether software is finally decoupling from crypto.
Every Zipp story tagged #Correlation, newest first.
Earlier negative-correlation episodes ended with Bitcoin catching up, making this split a test of whether software is finally decoupling from crypto.
An R2 of 0.81 means USD/JPY swings alone statistically explain the bulk of weekly BTC moves, a relationship that breaks the standard yen carry-trade script and points to dollar strength as the common…