The U.S. Debt has reached unprecedented levels alongside a historically weak DXY. This combination presents concerns yet can benefit Bitcoin, as seen in past correlations between dollar weakness and BTC price increases.
Despite the dollar’s weakness, Bitcoin’s price has not surged and remains over 2% lower than its all-time high. Analysts suggest liquidity sidelining and strong resistance levels are contributing to BTC’s current stagnation.
Overall, Bitcoin network activity is declining, with more investors adopting HODL strategies. This suggests increased holding periods as uncertainty prevails in the market, with 63.61% of coins unmoved for over a year.
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