Bank of America’s February survey shows bearish U.S. dollar positions have dropped to the lowest level since 2012, with allocations historically underweight. Since early 2025, Bitcoin has shown an unusual positive correlation with the U.S. Dollar Index, with the 90-day correlation reaching 0.60. Analysts say continued dollar weakness may pressure Bitcoin, while a short-covering rebound could lift it and increase volatility. https://t.co/bSGxCr7Cff ...

Core Insights - U.S. spot Bitcoin ETFs experienced a net inflow of $6.8 million, ending a five-day streak of outflows that totaled nearly $1.72 billion [1] - BlackRock's iShares Bitcoin Trust ETF (IBIT) and Grayscale Bitcoin Mini Trust ETF (BTC) were the top gainers, attracting inflows of $15.9 million and $7.7 million respectively [1] - Conversely, Bitwise's Bitcoin ETF (BITB) and Fidelity's Wise Origin Bitcoin Fund (FBTC) faced outflows of $11 million and $5.7 million, while ARK 21Shares Bitcoin ETF (ARKB) lost $2.9 million [2] Market Context - The recent inflow marks a positive shift after significant losses, with the previous Wednesday alone seeing outflows of $708.7 million [3] - Bitcoin's price was down 0.4% at approximately $87,815, reflecting a decline of 2.5% over the past week, 5.8% over the past fortnight, and 11.9% year-to-date [3] - Analysts view the uptick in ETF inflows as a significant indicator, despite Bitcoin's recent price stagnation [4] Analyst Commentary - David Morrison, a senior analyst, noted that the inflow is a positive sign amidst previous outflows linked to Bitcoin's selloff [4] - He expressed that Bitcoin may need to consolidate before a sustained rally, as it is not currently responding to movements in U.S. equities [5] - Morrison highlighted that the strongest correlation for Bitcoin is with the U.S. dollar, which has recently fallen to a three-and-a-half year low [6] Future Outlook - A potential increase in the dollar could positively impact Bitcoin, helping it to break above mid-January highs [7]

$DXY https://t.co/QSvgxEL2FB ...

Group 1 - The U.S. Dollar Index (DXY) has increased by 1.08% over the last two trading days, marking its best two-day gain since July 31 [1] - The third estimate of gross domestic product (GDP) growth has been revised to 3.8%, up from the previous estimate of 3.3% [2] - Stronger economic data typically leads to an increase in the value of local currencies due to heightened demand [2]

Core Insights - The U.S. Dollar Index is on track to close at its lowest level since February 2022, currently trading at 96.72, with a potential closing below 96.78 marking a new low for 2025 [2]. Group 1: Dollar Performance - The dollar is experiencing a decline as traders anticipate the Federal Reserve will lower interest rates, prompting foreign investors to seek better returns in other countries [2]. - If the dollar closes below 96.78, it will represent the lowest closing level since February 2022 and a new low for 2025 [2].

The ICE U.S. Dollar Index, which compares the U.S. currency to a basket of six others, just posted its worst first half of a year in more than 50 years https://t.co/bTrqzfXQ0O ...

The U.S. dollar index was little changed on Monday after hitting a three-year low last week. Monitor these chart levels that investors will likely be watching. https://t.co/sLH4g814wT ...