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Bitcoin ignores historic dollar breakdown: How long can this calm last?
Despite the DXY breakdown, Bitcoin’s muted response signals hesitation amid mixed on-chain signals.
As the US Dollar Index (DXY) drops 6.5 points below its 200-day moving average, a record low in 21 years, one would expect Bitcoin to respond with enthusiasm, given historical precedence of dollar weakness driving capital into risk assets. Instead, BTC remains range-bound, suggesting reluctance among investors.
The disconnection between traditional risk indicators and crypto price action raises questions about what might be delaying a response, especially as other on-chain metrics begin to shift.
Source: ambcrypto.com
