美元指数（DXY）已下降到三年低点

美元指数（DXY）衡量了一篮子外币的价值，已下降到三年低点。

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.

美元指数（DXY）衡量了一篮子外币的价值，已下降到三年低点。由于贸易战紧张局势加剧，黄金在历史上达到3,220美元的历史最高点。

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.

在过去的24小时内，DXY指数下降了1.5％，到发稿时达到99.4。这标志着其2022年4月以来的最低水平。下降也持续了2025年的广泛趋势，自1月以来，DXY现在下降了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告诉BeIncrypto：“美元指数在美国资产的资本流出中流出了近三年的最低点。贸易紧张局势不断加剧，对更广泛的经济影响，特别是对美国的越来越关注，对市场情绪产生了沉重的影响。”

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，指数低于100分，一个关键的门槛。根据历史数据，DXY和大量比特币（BTC）价格飙升之间存在很强的相关性。

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的最后两次下跌以下100次低于100，这是长达数月的大会。这些大量的增长导致人们猜测历史可以重演。如果确实如此，比特币可能会有可能为另一项重大激增提供准备。

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，比特币已经显示出90天关税暂停之后的恢复迹象。最大的加密货币最近收回了80,000美元的水平，这表明了投资者的信心。根据Beincrypto数据，比特币在过去24小时内升高0.8％。这反映了次要但积极的收益，表明势头可能正在建立。

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

实际上，X（以前是Twitter）上的市场观察者具有类似的前景。

“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.

一位用户写道：“对于今年的新兴市场来说，弱美元将是一个令人惊讶的逆风。”

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).

同时，一位分析师观察到，尽管美联储未能降低利率或实施定量宽松（QE），但美元的下降仍发生了。

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

他补充说：“传统上，DXY对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.

该分析师还强调了图表上的看跌差异。因此，他预测美元可能会降至90，这表明其价值进一步下降。

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

同样，另一位分析师将DXY的衰落描述为“预期的宏观移动之一”。

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

杰基斯说：“每当过去发生这种情况时，它都会为比特币，加密货币和股票带来巨大的牛市。”

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.

他还承认，市场反应缓慢，将这种延误归因于三个多月的滞后。此外，他指出，由于贸易紧张局势升级，中国与美国之间的持续债券状况正在促进这种缓慢的反应。

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，他认为这种情况将通过两国之间的交易解决，或者美联储将通过购买长期债券来稳定市场来进行干预。现在，未来几周对于确定比特币在地缘政治紧张局势和更广泛的市场转变下是否会真正进入牛市还是步履蹒跚至关重要。