LATEST: 🇰🇷SK hynix’s U.S. ADRs traded at a 29% premium to their Korean equivalent on Friday, showing how aggressively U.S. investors are chasing the AI memory-chip trade.
Conversion restrictions prevent normal arbitrage from closing the gap, allowing limited U.S. supply and AI enthusiasm to override price parity, WSJ reports.
BTC.D has dropped from around 59.6% to 59.2% over the last 24 hours.
That might not sound like much, but this is exactly the type of move we watch for when money starts rotating away from Bitcoin and into the rest of the market.
Bitcoin is still holding the key $64,000 support level, which means this isn't a risk-off move.
If BTC continues to consolidate here while dominance keeps falling, I think altcoins could be the next place liquidity flows.