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The US dollar's share of global official FX reserves slipped from 64% in 2015 to 56% in 2025, but a New York Fed analysis released September 2 using IMF COFER data attributes much of the decline to a size effect rather than active dollar selling: when countries that already hold below-average dollar shares grow their reserves, the global aggregate share falls even if no central bank rebalances away from the dollar. That weakens the structural de-dollarization narrative frequently used to justify a persistent sovereign bid for BTC and gold, removing one pillar from the long-horizon bull case built on reserve diversification rather than on ETF and retail flows. The confirmation test is actual disclosure of sovereign BTC holdings and the currency-composition detail in upcoming COFER releases; absent that, BTC's marginal demand remains driven by ETF flows and dollar liquidity conditions, not reserve managers.
As a Research signal, watch whether it changes price action, volatility, or flows around BTC.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
Influencer Threads
The author notes that Bitcoin has fallen into the roughly $78,300 zone marked in blue and that a retest of that level is currently underway, with a comparison drawn to a similar instance earlier this year. This is the author's chart-based read on BTC price structure, and the remainder of the comparison is not fully available in the post.
Dalio argues that money has no intrinsic value and only matters when tied to a clear purpose, questioning whether it improves friendships, marriage, or relationships with children. In his view, real success is knowing your nature, finding the best path through it, and being able to look back and say that was the life you wanted.
Dalio cites Carl Jung's line that man needs difficulties and that they are necessary for health, arguing that people instinctively avoid pain even though struggle builds both body and mind. In his view this avoidance is strongest when people face the harsh reality of their own imperfections; the post is personal philosophy with no market content.
Dalio cites Carl Jung's line that man needs difficulties and that they are necessary for health, arguing that people instinctively avoid pain whether they are building the body through weight lifting or the mind through frustration, struggle, embarrassment and shame. In his view this avoidance is strongest when people face the harsh reality of their own imperfections; the post is personal philosophy with no market content.
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