BofA Survey: USD short positions drop to lowest since 2012, Bitcoin and USD currently exhibit an unusual positive correlation

BTC4,94%

BlockBeats News, February 17 — A survey by Bank of America (BofA) in February shows that investors’ short positions on the US dollar have fallen to their lowest levels since 2012, with dollar allocations at a historic low. Traditionally, a weakening dollar is usually positive for risk assets like Bitcoin, but the report points out that since early 2025, Bitcoin has shown an abnormal positive correlation with the US dollar index, with the 90-day correlation coefficient rising to 0.60 at one point.

Analysis suggests that if this correlation persists, further declines in the dollar may not necessarily benefit Bitcoin and could instead put pressure on it; conversely, if the dollar rebounds due to short covering, Bitcoin may also rise, and market volatility could increase significantly. (CoinDesk)

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