What the BTC DXY Correlation Reveals About Bitcoin’s Short-Term Risks?. Photo by BeInCrypto After nearly three months of range-bound trading, the US Dollar Index (DXY) has broken above the 100 mark, its highest level since August, reigniting concerns across risk asset markets.  The strengthening greenback is prompting investors to ask: Is this merely a short-term technical rebound, or the beginning of a new liquidity-tightening cycle that could pressure Bitcoin and the broader crypto market? The US Dolla ...