BlockBeats News, February 17 — A survey by Bank of America (BofA) in February shows that investors’ short positions on the US dollar have fallen to their lowest levels since 2012, with dollar allocations at a historic low. Traditionally, a weakening dollar is usually positive for risk assets like Bitcoin, but the report points out that since early 2025, Bitcoin has shown an abnormal positive correlation with the US dollar index, with the 90-day correlation coefficient rising to 0.60 at one point.
Analysis suggests that if this correlation persists, further declines in the dollar may not necessarily benefit Bitcoin and could instead put pressure on it; conversely, if the dollar rebounds due to short covering, Bitcoin may also rise, and market volatility could increase significantly. (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Independent Researcher Cracks 15-Bit ECC Key, Wins Bitcoin Reward from Project Eleven
Gate News message, April 25 — Independent researcher Giancarlo Lelli successfully cracked a 15-bit ECC encryption key protecting Bitcoin and received the Q-Day Award plus 1 BTC from quantum security startup Project Eleven.
Lelli used publicly available quantum hardware and a variant of Shor's
GateNews13m ago
Trader Killa Predicts Bitcoin Bottom Could Form Between $40,740 and $42,680
Gate News message, April 25 — Killa (@KillaXBT), a prominent Bitcoin-focused quantitative trader, has released a price prediction for the current market cycle, citing his track record of accurately forecasting the previous bull market peak. Killa previously predicted Bitcoin would top at $121,362 in
GateNews1h ago
Bitcoin Bonuses Expand as Fold Brings Payroll-Linked Rewards to Employers
Fold Holdings expanded bitcoin workplace compensation with a new employer bonus program. The rollout turns payroll-linked incentives into a potential distribution channel for everyday BTC adoption.
Key Takeaways:
Fold launches BTC bonuses, expanding employer adoption pathways.
Businesses gain
Coinpedia3h ago
Bitcoin Spot ETFs Record $144.49M Net Inflows, Extending 9-Day Streak
Gate News message, April 25 — Bitcoin spot ETFs recorded net inflows of $144.49 million yesterday (April 24, Eastern Time), according to SoSoValue, extending a nine-day streak of positive inflows.
BlackRock's IBIT led all funds with $22.879 million in single-day inflows, bringing its historical tot
GateNews5h ago
Metaplanet Issues 8 Billion Yen Zero-Coupon Bonds to Increase Bitcoin Holdings
Gate News message, April 25 — Japanese Bitcoin Treasury Company Metaplanet announced the issuance of 8 billion yen in zero-coupon ordinary bonds to fund further bitcoin purchases.
The proceeds from the bond offering will be allocated toward expanding the company's bitcoin holdings as part of its
GateNews6h ago
Bitcoin Developer Paul Sztorc Announces eCash Hard Fork with 1:1 BTC Exchange, Sparking Community Controversy
Gate News message, April 25 — Bitcoin developer Paul Sztorc announced the launch of eCash, a Bitcoin hard fork network that will allow BTC holders to exchange their holdings at a 1:1 ratio for eCash tokens following the network's activation. The Layer 1 node software will be a near-replica of the Bi
GateNews6h ago
