I just noticed something unusual in the market. Investors are more bullish on weakening the dollar than they have been in over 10 years — a classic bullish signal for Bitcoin. But here’s the paradox: since the beginning of 2025, BTC has been moving in the same direction as the dollar, not against it. Their 90-day correlation has already reached 0.60, which is unusual for historical patterns.

The dollar has fallen 10% over two years, while Bitcoin has dropped 21% since the start of the year. Previously, this would have supported BTC, but now it’s the opposite. If this unusual correlation persists, further dollar decline could harm crypto. On the other hand, if the dollar suddenly rebounds due to massive short covering, Bitcoin could rise along with it — that will be interesting to watch.

At the moment, BTC is trading around $71.5k, and XRP has stopped at $1.33 after a sharp drop. Everything depends on whether this unusual dynamic remains or if the market reverts to old rules.