美元指數（DXY）在近40年內達到了最嚴重的低迷，尤其是比特幣，飆升。是什麼推動了這種反關係？

Dollar Index Plunges to Decades-Low: Crypto Prices Soar!

美元指數跌至幾十年：加密價格飆升！

The U.S. Dollar Index (DXY) has experienced its most significant six-month drop in almost four decades, bottoming near 98.6. This decline has triggered a rally in crypto markets, with Bitcoin and other major cryptocurrencies seeing substantial gains.

美元指數（DXY）在近四十年中經歷了最顯著的六個月下降，接近98.6。這種下降引發了加密貨幣市場的集會，比特幣和其他主要加密貨幣看到了可觀的增長。

The Dollar's Downfall: A Perfect Storm

美元的失敗：一場完美的風暴

Several factors are contributing to the dollar's weakness. Easing inflation, steady Federal Reserve policy (holding rates at 4.25–4.50%), and ongoing geopolitical unrest have all played a role. The dollar's slump reflects softer inflation, strong Fed rate-cut expectations, and political uncertainty. With no rate hikes expected, the dollar's yield edge has diminished, weakening its appeal to investors.

幾個因素導致了美元的弱點。緩解通貨膨脹，穩定的美聯儲政策（持有率為4.25–4.50％）以及持續的地緣政治動盪都發揮了作用。美元的低迷反映了通貨膨脹率更高，美聯儲率降低的期望和政治不確定性。由於預計不會加息，美元的收益優勢已經下降，從而削弱了對投資者的吸引力。

Crypto's Rise: Riding the Wave

加密的崛起：騎波浪

As the dollar weakens, financial conditions ease, boosting global liquidity and benefiting risk assets like cryptocurrencies. Bitcoin has been a major beneficiary, hovering around $106,000, while Ethereum is near $2,554. The total crypto market capitalization stands at roughly $3.4 trillion, showcasing strong year-to-date gains across major coins.

隨著美元的削弱，財務狀況的輕鬆，提高了全球流動性並受益於加密貨幣等風險資產。比特幣一直是主要受益人，徘徊在106,000美元左右，而以太坊的價格接近2,554美元。加密貨幣總資本化約為3.4萬億美元，在主要硬幣中展示了大量的年度增長。

Bitcoin's Bullish Momentum

比特幣的看漲勢頭

Analysts explain that a weak dollar effectively eases global liquidity – funds flow out of cash and into stocks, commodities and crypto. Many crypto traders are betting that a weaker greenback will lift Bitcoin’s appeal. Bitcoin's on-balance volume (OBV) – a measure of buying pressure – has risen steadily even as price consolidates. A confirmed bull flag breakout could send Bitcoin toward $130,000–$135,000 by Q3 2025.

分析人士解釋說，薄弱的美元有效地減輕了全球流動性 - 資金從現金中流入股票，商品和加密貨幣。許多加密貨幣交易員敢說，較弱的綠背會提高比特幣的吸引力。即使價格合併，比特幣的體積量（OVER）也穩步上升。確認的公牛旗突破可能會使比特幣達到130,000美元至135,000美元的$ 135,000。

Expert Opinions and Future Outlook

專家意見和未來前景

Galaxy Digital CEO Mike Novogratz expects Bitcoin to reach $130K–150K in the coming months, driven by institutional flows and a weaker dollar. In Novogratz’s view, the dollar’s fall removes a headwind for crypto prices, allowing capital to pour in. Ether has similarly benefited, buoyed by continued institutional investment and its own catalysts such as protocol upgrades. Other top altcoins like Solana, Ripple and Cardano have also seen solid gains.

Galaxy Digital CEO Mike Novogratz預計比特幣在未來幾個月內將達到13萬澳元至15萬美元，這是由機構流動和較弱的美元驅動的。在諾維格拉茨（Novogratz）看來，美元的跌倒消除了加密貨幣價格的逆風，允許資本投入。以太同樣受益，受益於持續的機構投資及其自己的催化劑，例如協議升級。 Solana，Ripple和Cardano等其他頂級山寨幣也獲得了穩固的收益。

The Inverse Correlation: A Clear Trend

逆相關性：明確的趨勢

The inverse correlation between the Dollar Index and crypto prices is becoming increasingly clear. When the DXY trades above 100, markets are often risk-off, weighing on equities and crypto prices. Conversely, the recent slide below 98 is triggering the opposite reaction, with crypto markets rallying amid the dollar’s decline.

美元指數與加密價格之間的反相關性越來越明顯。當DXY交易以上100以上時，市場通常會冒險，權衡股票和加密價格。相反，最近98次低於98的幻燈片觸發了相反的反應，而加密貨幣市場則在美元下降的情況下集會。

So, what does all this mean? Well, buckle up, buttercup! It seems like the stars are aligning for crypto. With the dollar taking a nosedive, it might just be time to ride the Bitcoin wave. Who knows, maybe we'll all be sipping Mai Tais on our Lambo yachts sooner than we think!

那麼，這意味著什麼？好吧，扣緊，buttercup！似乎星星正對著加密貨幣。隨著美元的鼻子，可能是時候騎比特幣浪潮了。誰知道，也許我們所有人都比我們想像的要早就在我們的蘭博遊艇上品嚐邁爾·泰斯！