Bitcoin, dollar move in near-perfect opposition. It hasn't been this extreme in almost 4 years.

Bitcoin's 30-day correlation with the U.S. Dollar Index hit -0.90, its most negative level since 2022, meaning bitcoin moves sharply opposite dollar strength. Eighty-one percent of bitcoin's short-term price swings correlate with dollar shifts. Despite sustained spot ETF inflows, bitcoin's rally stalled as the dollar rebounded amid geopolitical tensions and inflation concerns. Major investors remain cautious on near-term recovery.