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
Over the past 7 days, a certain exchange’s BTC wallet balance fell by 5.03%, and a certain CEX’s reserve assets saw net outflows of more than $143 million
Over the past 7 days, among the top 10 exchanges by BTC wallet balance, one exchange had the largest decline of 5.03%, while Gate had the largest increase of 2.54%. In terms of reserve assets, the top three net outflows were from a certain CEX, another CEX, and a third CEX, while Gate’s net inflow exceeded $103 million.
GateNews22m ago
Bitcoin Drops Below $69k: Trump’s Final Ultimatum to Iran Triggers Risk-Off Selling
Bitcoin fell to $685,000 on April 7, down about 2% for the day. Driven by concerns over the Middle East situation, risk-off sentiment has increased. With the market under pressure and international oil prices rising, the crypto market has faced headwinds, and investors lack confidence in a Bitcoin rebound. In the short term, macro events will continue to affect Bitcoin’s price action.
GateNews28m ago
The five major giants control the billion-dollar crypto market: BlackRock is driving the Bitcoin ETF landscape, and competition on Wall Street is intensifying
By 2026, the U.S. crypto asset management market landscape is gradually taking shape, and major institutions use compliant tools such as ETFs to manage more than $100 billion in assets. BlackRock leads, followed closely by Fidelity and Grayscale, while Bitwise and Galaxy compete with differentiated strategies. Meanwhile, Morgan Stanley’s Bitcoin ETF application could reshape the market landscape, shifting the competitive focus to where the capital flows and the product structure.
GateNews34m ago
IMF Warns Global Imbalances Are Worsening: Tariffs May Fail or Push Capital Flows Toward Bitcoin and Stablecoins
Research by the International Monetary Fund shows that tariffs have a limited effect in regulating global trade deficits, and that the real influencing factors are macroeconomic policies. As global imbalances expand and financial risks rise, market structures may adjust, and crypto assets could become a tool for hedging uncertainty.
GateNews38m ago
Schwab Wealth Management opens Bitcoin and Ethereum trading: 38.9 million users enter, disrupting the crypto market landscape
Traditional finance giant Charles Schwab plans to launch “Schwab Crypto” in the second quarter of 2026, offering spot trading of Bitcoin and Ethereum to 38.9 million customers. This model will lower the investment threshold, change the previous way investors indirectly allocate to crypto assets, and meet market demand. Meanwhile, with low fees and a large customer base, Schwab may disrupt existing crypto platforms, and in the future it may also roll out stablecoin products to build a digital asset ecosystem.
GateNews47m ago
Big data is coming this Thursday: whether Bitcoin can hold $67k depends on the Fed’s signals
This week, the U.S. will release four macroeconomic data points, including the FOMC meeting minutes and CPI data, which could determine whether Bitcoin can hold the $67k level. Bitcoin is currently trading in a range around $69k, with a 23% decline year-to-date. Market sentiment is subdued, and institutional capital support is limited, resulting in weaker demand—making this a key moment in the long-versus-short battle.
GateNews50m ago
