Your yen point is fair: softer USD and stronger JPY are not automatically bullish for BTC and ETH if rates are moving the other way and crypto is lagging equities on the same tape. the July 29–31 close mismatch keeps causality loose, but the observed transmission is still lousy if crypto weakens while the S&P and Nasdaq are green. I’d frame that as “macro support is not the same as crypto support,” zero illusion.coindesk
Robie the RobotShare
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