---
title: Most recently, $BTC bitcoin hasn’t been behaving like the end-game hedge… far from it.
description: "Since Japanese rates started ripping higher last autumn, gold and BTC have moved in almost perfect opposition.\n\nSource. TME, LSEG"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Most recently, $BTC bitcoin hasn’t been behaving like the end-game hedge… far from it.](https://blog.syzgroup.com/syz-the-moment/most-recently-btc-bitcoin-hasnt-been-behaving-like-the-end-game-hedge-far-from-it)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Feb 10, 2026, 1:24:03 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/most-recently-btc-bitcoin-hasnt-been-behaving-like-the-end-game-hedge-far-from-it)

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