美元指數（DXY）已下降到三年低點

美元指數（DXY）衡量了一籃子外幣的價值，已下降到三年低點。

The US Dollar Index (DXY), which measures the dollar’s value against a basket of foreign currencies, has dropped to a three-year low. The decline comes as gold hits an all-time high of $3,220 amid rising trade war tensions.

美元指數（DXY）衡量了一籃子外幣的價值，已下降到三年低點。由於貿易戰緊張局勢加劇，黃金在歷史上達到3,220美元的歷史最高點。

The DXY index fell by 1.5% in the last 24 hours to reach 99.4 by press time. This marks its lowest level since April 2022. The drop also continues the broader trend in 2025, with the DXY now down 8.3% since January.

在過去的24小時內，DXY指數下降了1.5％，到發稿時達到99.4。這標誌著其2022年4月以來的最低水平。下降也持續了2025年的廣泛趨勢，自1月以來，DXY現在下降了8.3％。

“The US dollar index reached its lowest point in nearly three years amid capital outflows from American assets. Escalating trade tensions and growing concerns over broader economic fallout, particularly for the US, have weighed heavily on market sentiment,” CryptoQuant’s Alex Adler told BeInCrypto.

Cryptoqualquant的Alex Adler告訴BeIncrypto：“美元指數在美國資產的資本流出中流出了近三年的最低點。貿易緊張局勢不斷加劇，對更廣泛的經濟影響，特別是對美國的越來越關注，對市場情緒產生了沉重的影響。”

Moreover, the index fell below the 100 mark, a critical threshold. According to historical data, there’s a strong correlation between a declining DXY and substantial Bitcoin (BTC) price surges.

此外，指數低於100分，一個關鍵的門檻。根據歷史數據，DXY和大量比特幣（BTC）價格飆升之間存在很強的相關性。

The last two times the DXY fell below 100—in April 2017 and May 2020—Bitcoin experienced significant, months-long rallies. These substantial increases have led to speculation that history could repeat itself. If it does, Bitcoin could potentially be poised for another major surge.

在2017年4月和2020年5月，DXY的最後兩次下跌以下100次低於100，這是長達數月的大會。這些大量的增長導致人們猜測歷史可以重演。如果確實如此，比特幣可能會有可能為另一項重大激增提供準備。

Interestingly, Bitcoin has already shown signs of recovery following the 90-day tariff pause. The largest cryptocurrency recently reclaimed the $80,000 level, signaling renewed investor confidence. According to BeInCrypto data, Bitcoin appreciated by 0.8% over the past 24 hours. This reflected minor but positive gains that suggest momentum could be building.

有趣的是，比特幣已經顯示出90天關稅暫停之後的恢復跡象。最大的加密貨幣最近收回了80,000美元的水平，這表明了投資者的信心。根據Beincrypto數據，比特幣在過去24小時內升高0.8％。這反映了次要但積極的收益，表明勢頭可能正在建立。

In fact, the market watchers on X (formerly Twitter) share a similar outlook.

實際上，X（以前是Twitter）上的市場觀察者俱有類似的前景。

“Weak dollar is going to be a surprising tailwind for emerging markets this year that wasn’t on anyone’s bingo card,” a user wrote.

一位用戶寫道：“對於今年的新興市場來說，弱美元將是一個令人驚訝的逆風。”

Meanwhile, an analyst observed that the US dollar’s decline has occurred despite the Federal Reserve’s failure to reduce interest rates or implement quantitative easing (QE).

同時，一位分析師觀察到，儘管美聯儲未能降低利率或實施定量寬鬆（QE），但美元的下降仍發生了。

“Traditionally, DXY going down is very bullish for BTC,” he added.

他補充說：“傳統上，DXY對BTC非常看好。”

The analyst also highlighted a notable bearish divergence on the charts. Thus, he predicted that the dollar could potentially drop to 90, signaling a further decline in its value.

該分析師還強調了圖表上的看跌差異。因此，他預測美元可能會降至90，這表明其價值進一步下降。

Similarly, another analyst described DXY’s decline as “one of the best anticipated macro moves ahead.”

同樣，另一位分析師將DXY的衰落描述為“預期的宏觀移動之一”。

“Each time this has happened in the past, it resulted in a massive bull market for Bitcoin, Crypto, and stocks,” Jackis remarked.

傑基斯說：“每當過去發生這種情況時，它都會為比特幣，加密貨幣和股票帶來巨大的牛市。”

He also acknowledged that the markets have been slow to react, attributing this delay to a lag of more than three months. Additionally, he noted that the ongoing bond situation between China and the US, driven by escalating trade tensions, is contributing to this slow reaction.

他還承認，市場反應緩慢，將這種延誤歸因於三個多月的滯後。此外，他指出，由於貿易緊張局勢升級，中國與美國之間的持續債券狀況正在促進這種緩慢的反應。

However, he believes this situation will either be resolved through a deal between the two countries or the Federal Reserve will intervene by buying long-term bonds to stabilize the market. Now, the coming weeks will be crucial to determine whether Bitcoin will actually enter another bull run or falter under geopolitical tensions and broader market shifts.

但是，他認為這種情況將通過兩國之間的交易解決，或者美聯儲將通過購買長期債券來穩定市場來進行干預。現在，未來幾週對於確定比特幣在地緣政治緊張局勢和更廣泛的市場轉變下是否會真正進入牛市還是步履蹣跚至關重要。