Everyone’s glued to Bitcoin’s chart, cursing, and nobody’s noticed the real culprit isn’t even in crypto—the U.S. Dollar Index surged to 103.08 overnight, a 19-month high.
When the dollar strengthens, $BTC gets crushed: it dropped to 68,860 this morning, with an intraday low of 68,528. Liquidations across the market hit $1.3 billion in 24 hours, with Bitcoin alone accounting for $677 million.
Tonight’s 21:30 PPI is the next big test: if the data cools and the dollar turns lower, $BTC may finally get some breathing room; if it comes in hotter than expected, the dollar will keep climbing, and 65,000 won’t be just a scare tactic.
A Buy the dip on $BTC if PPI cools tonight
B If the dollar keeps rising, watch for 65,000
$BTC $ETH
#美元指数 #比特币 #PPI
When the dollar strengthens, $BTC gets crushed: it dropped to 68,860 this morning, with an intraday low of 68,528. Liquidations across the market hit $1.3 billion in 24 hours, with Bitcoin alone accounting for $677 million.
Tonight’s 21:30 PPI is the next big test: if the data cools and the dollar turns lower, $BTC may finally get some breathing room; if it comes in hotter than expected, the dollar will keep climbing, and 65,000 won’t be just a scare tactic.
A Buy the dip on $BTC if PPI cools tonight
B If the dollar keeps rising, watch for 65,000
$BTC $ETH
#美元指数 #比特币 #PPI
