A strengthening US dollar could put further pressure on Bitcoin, which is already suffering from major institutional selling pressure amid geopolitical uncertainty and increasing inflation.<\/p>\n
\u201cThe bear market was confirmed almost exactly when the DXY found its bottom,\u201d said<\/a> Swissblock analysis on Monday. \u201cAt first, the dollar decline looked supportive for\u00a0BTC. But the reversal changed everything.\u201d<\/p>\n DXY is the dollar index, a measure of greenback strength against a basket of currencies.<\/p>\n Once DXY started climbing again, liquidity tightened, selling pressure intensified, the Risk Index surged, and Bitcoin\u2019s structure deteriorated, according to Swissblock.<\/p>\n The dollar stabilized, and Bitcoin tried to recover in April and early May, but the relief did not last, the analysts added.<\/p>\n \u201cBTC does not only need sellers to run out of pressure. It also needs the dollar headwind to stop strengthening.\u201d<\/p>\n DXY hit its highest level since May 2025, topping 101 again this week, according<\/a> to TradingView. The dollar has strengthened by 5.6% since the DXY low of 95.6 in January.<\/p>\n A stronger dollar generally signals tighter financial conditions, meaning less cheap money and abundant liquidity<\/a>, so when it dries up, Bitcoin demand weakens.<\/p>\n It also means that holding cash or dollar-denominated assets becomes more attractive, especially if interest rates start to rise, which looks likely this year.<\/p>\n Analyst Benjamin Cowen observed<\/a> that BTC is getting squeezed between the \u201cBear Market Resistance Band\u201d and the 200-week simple moving average.<\/p>\n \u201cA decisive move down later this year, while initially scary, would likely just set up the market cycle bottom for Bitcoin in Q4 2026,\u201d he said.<\/p>\n Meanwhile, Galaxy Research reported on Monday that on-chain distribution by five-year-plus Bitcoin holders has overwhelmed institutional absorption for the last four weeks, further pressuring the asset.<\/p>\n \u201cThis cycle has seen the most significant OG selling in Bitcoin\u2019s history,\u201d said<\/a> CryptoQuant analyst Darkfost.<\/p>\n Onchain distribution by 5+ year bitcoin holders has overwhelmed institutional absorption for the last 4 weeks pic.twitter.com\/hjA0n5uMOV<\/a><\/p>\n \u2014 Galaxy Research (@glxyresearch) June 22, 2026<\/a><\/p>\n\n Bitcoin hit an intraday high of $65,468 on Monday, its highest price for five days, but it failed to break higher, falling back below $64,000 during the Tuesday morning Asian trading session.<\/p>\n Volume and liquidity are tightening, keeping BTC pinned around current levels, but with further pressure coming from a stronger dollar, the path of least resistance is downwards<\/a>.<\/p>\n The post Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" A strengthening US dollar could put further pressure on Bitcoin, which is already suffering from major institutional selling pressure amid geopolitical uncertainty and increasing inflation. \u201cThe bear market was confirmed almost exactly when the DXY found its bottom,\u201d said Swissblock analysis on Monday. \u201cAt first, the dollar decline looked supportive for\u00a0BTC. But the reversal changed […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-185565","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/185565"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=185565"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/185565\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=185565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=185565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=185565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Strengthening Dollar Bad For Crypto<\/h2>\n
Bitcoin Price Outlook<\/h2>\n