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Brent is near $112, its highest since mid-May, and BTC moves the other way: over 30 sessions their daily moves correlate at -0.59, the most negative since at least late 2024. Today: Brent +2.9%, BTC -2.9%. Why it matters: in this oil shock BTC trades as risk, not a hedge. https://t.co/8A80PAwK9I

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