Another bullish sign for crypto is that…DXY is selling off.

What is DXY?

It’s the US Dollar Index. It measures the strength of the US Dollar.

In a bear market, investors hold cash, so the dollar strengthens.

In a bull market, investors sell cash and buy risk assets, so the dollar weakens.

Currently, DXY is at a 9-month low and approaching a 14-month low.