#BinanceHODLerSAHARA New Binance report: Bitcoin now supports, not protects, the dollar.💲💲💲💲🔥
The original promise of Bitcoin was rebellion: digital gold, a hedge against inflation, an escape from the fiat system. But if the latest Binance Research report is any indication, today it may be playing a different role: not against the dollar, but supporting it.
✨In summary.
💥The correlation of Bitcoin with the US dollar has turned positive, reaching its highest level in years at 0.25, suggesting that BTC now moves alongside the dollar, not against it.
💥Institutional flows into Bitcoin ETFs and the rise of stablecoins (now over $250 billion) are linking crypto markets even more closely with USD liquidity.
💥Binance states that BTC no longer acts as a hedge, but as a macro asset aligned with risk cycles and the strength of the dollar.
💥What is happening with Bitcoin.💥
In the last two months, the correlation of BTC with the US dollar index (DXY) has risen to 0.25, its highest level among all major macro assets. It's not an overwhelming number, but it represents a shift for an asset that has long been presented as a counterweight to dollar-based risk, according to the new Binance research report. It suggests that Bitcoin is increasingly responding to the same forces as the dollar: macro uncertainty, higher interest rates for longer, and liquidity demand from investors.
#MarketRebound #NEWTBinanceHODLer
This dynamic did not arise from nowhere. Over $2.4 billion was invested in spot Bitcoin ETFs in just eight days this month, even as headlines about war and global instability shook broader markets.