I prefer to monitor the DXY to get a better idea of how the dollar is doing in the world, and we are seeing a steady downtrend since the peak of January where it $110. The exact explanation of this isn't clear to me, but the most immediate would be the one linked to the US10Y. The long term debt is still not being bought and it's stuck at 4%+ yield, so people are dumping the dollar because the market isn't buying US's debt. The good side to this is that typically BTC pumps on DXY weakness, even if sometimes BTC dumps on DXY weakness (as it did on Q1) but now it has decoupled and DXY continues to dump as BTC pumps.