{"id":24663,"date":"2025-06-12T17:19:08","date_gmt":"2025-06-12T14:19:08","guid":{"rendered":"https:\/\/forklog.com\/en\/dollar-index-decline-paves-way-for-bitcoin-surge\/"},"modified":"2025-06-12T17:19:08","modified_gmt":"2025-06-12T14:19:08","slug":"dollar-index-decline-paves-way-for-bitcoin-surge","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dollar-index-decline-paves-way-for-bitcoin-surge\/","title":{"rendered":"Dollar Index Decline Paves Way for Bitcoin Surge"},"content":{"rendered":"

The cryptocurrency market is poised for a significant price movement. The US Dollar Index (DXY) has fallen to a two-year low, while on-chain metrics indicate hidden Bitcoin accumulation and a supply shortage.<\/p>\n

Dollar Loses Ground\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/h2>\n

For the first time since early 2022, the DXY has dropped below 98. A weaker dollar traditionally creates a favorable environment for risk assets, including cryptocurrencies, noted<\/a> CoinDesk senior analyst James Van Straten.<\/p>\n

The index’s decline is linked to new US inflation data. The annual rate was 2.4%, below analysts’ forecasts of 2.5%. This has strengthened market expectations for a loosening of the US Federal Reserve’s monetary policy.<\/p>\n

According to CME FedWatch, 97% of traders anticipate the key rate will remain unchanged at the upcoming Federal Reserve meeting.<\/p>\n

\"Snimok-ekrana-2025-06-12-165246\"
Data: CME FedWatch<\/a>.<\/figcaption><\/figure>\n

Additional pressure on the US currency comes from discussions on de-dollarization and uncertainty in US trade policy.<\/p>\n

Hidden Accumulation Phase<\/h2>\n

Amid a positive macroeconomic backdrop, Bitcoin’s on-chain data signals a supply contraction. Despite low retail investor activity and recent negative funding rates, major players continue to accumulate the asset.<\/p>\n

The number of coins on centralized exchange wallets continues to decline. Since the beginning of 2025, this figure has fallen by 14% to 2.5 million BTC, the lowest level since August 2022.<\/p>\n

\"Bitcoin-Exchange-Reserve-USD-All-Exchanges\"
Data: CryptoQuant<\/a>.<\/figcaption><\/figure>\n

OTC Platform Reserves at a Low<\/h2>\n

Over-the-counter (OTC) platforms, used for large transactions, are also experiencing a shortage. Their reserves have dropped to a historic low.<\/p>\n

According to CryptoQuant, since January, the balances of wallets associated with the OTC segment of miners have decreased by 19% to 134,252 BTC.\u00a0<\/p>\n

\"BTC-OTC-address-cohort-balance\"
Data: CryptoQuant<\/a>.<\/figcaption><\/figure>\n

Back in late May, analysts recorded<\/a> a shift from accumulation to sales among Bitcoin whales.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market is poised for a significant price movement. The US Dollar Index (DXY) has fallen to a two-year low, while on-chain metrics indicate hidden Bitcoin accumulation and a supply shortage. Dollar Loses Ground\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 For the first time since early 2022, the DXY has dropped below 98. A weaker dollar traditionally creates a favorable […]<\/p>\n","protected":false},"author":1,"featured_media":24662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1268,830,26],"class_list":["post-24663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-on-chain-analysis","tag-otc","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24663"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24662"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}