“One of the Largest Weekly Dxy Index Drops Since 2013 Tends to Align with Bitcoin Cycle Lows.”, – WRITE: www.coindesk.com
ACCORDING TO BLOOMBERG DATA FROM GLOBAL Macro Investor, The Index’s One-Week Percentage Drop Has Exceeded A Negative Four Standard Deviation Move-A Rare Event Has. History.
These Previos Occurrences Include November 2022, WHEN BITCOIN HIT ITS CYCLE LOW OF $ 15,500 Durying The FTX Collapsse; March 2020, Amid The Covid 19 Pandemic, WHEN BITCOIN BRIEFLY FELL BLOW $ 5,000; and the 2015 Bear Market, WHEN BITCOIN Traded AROUND $ 250. Each Time The DXY INDEX SUFFERED A DROP LARGER THAN A -4 Standard Deviation, It Coincides With A Bitcoin Bottom, Followed BY Significant Price Gains.
Additionally, Coindesk Research Highlights that the DXY INDEX is currently decling at a faster statene in President Trump’s First Term – a period that Aligned with the 2017 Bitcoin Bull Run. A decline in the DXY Index Tends to be Favourable for Risk-Assets, However a Dxy Index Above 100, Is Still Considered Strong, Currently at 103.8.
Dxy 1-Week % Change (LSEG DATASTREAM, BLOOMBERG, Global Macro Investor)
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