The dollar index has updated the minimum – Bitcoin is preparing for growth

Cryptorics are prepared for a potential impulse. US dollar index (DXY) has fallen to a two-year minimum, while onchin metrics signal the hidden accumulation phase bitcoin and proposal deficiency.

The dollar weakens The DXY index for the first time since the beginning of 2022 has fallen below the 98 mark. Traditionally, the weakening of the dollar contributes to the growth of risky assets, including cryptocurrencies, said Senior Coindesk Analyst James Van Straten.

The reason for the fall is new inflation data in the US. The annual figure was 2.4%, below the expected 2.5%. This increased the market assumption about the future mitigation of the monetary policy of the US Federal Reserve.

According to CME Fedwatch, 97% of traders are predicting the current discount rate at the Fed.

Source: CME Fedwatch

Didolarization and uncertainty in US trade policy remain an additional factor in the dollar pressure.

Hidden BTC accumulation Despite the moderate activity of retail investors and negative funding rates, big players continue to buy bitcoin. Onchin-Dani testify to reducing the supply in the market.

The volume of coins on the wallets of centralized exchanges continues to decline – from the beginning of 2025 it has fallen by 14%, reaching 2.5 million BTC. This is the lowest level since August 2022.

Source: Cryptoquant

OTC platforms feel deficiency The outflow is also noticeable in the OTC market. The reserves of wallets related to OTC platforms have decreased by 19% from the beginning of the year-to 134 252 BTC. This is a historical minimum.

Source: Cryptoquant

We will remind, in late May analysts reported a change in the Bitcoin-Kiti strategy-from accumulation to sales.

Analysts capture the optimism in the market and restraint of bitcoin-kite

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