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

MarsBitNews · 2026-02-17T08:59:04+00:00

A survey by Bank of America shows that investors' short positions on the US dollar have fallen to their lowest since 2012, indicating a underweight stance on the dollar. The report notes that Bitcoin is positively correlated with the US dollar index, and if this trend continues, a decline in the dollar could put pressure on Bitcoin.

MarsBitNews

2026-02-17 08:59:04

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Mars Finance reports that on February 17, Bank of America’s (BofA) February survey shows that investors’ short positions on the US dollar have fallen to their lowest level 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 and the US dollar index have shown an abnormal positive correlation, with the 90-day correlation coefficient rising to 0.60 at one point. Analysts believe that if this correlation persists, further decline in the dollar may not 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)

BTC6,73%

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