Bitcoin Holds Above $86K as Bullish Dollar Positioning Collapses
- —Bullish dollar positioning fell from $15B to about $5B in the week ending September 15
- —DXY rose 1.4% last week, its strongest weekly gain since May, after the Fed rate hike
- —Dollar longs have declined for seven consecutive weeks, the longest streak since early 2025
- —Bitcoin holds above $86,000 despite the dollar's strength
Why it matters: The divergence suggests bitcoin may be pricing in a dollar reversal before FX markets do, a key signal for the sustainability of the rally.
Source: Coin Edition