DXY Struggles at Mid-Cycle: Capital Flow Rotation Underway

The US Dollar Index (DXY) is sitting at a generational pivot zone around the 100 level, a midpoint in its 10-year price cycle. It has failed to reclaim this level decisively, and macro headwinds continue to build:
The re-escalation of tariff wars by the US administration, alienating global partners
Increasing capital outflows to the Yen, Gold, and emerging crypto ETFs
The risk of a flattening or inverted yield curve dragging confidence in USD-denominated debt
A break below 98.52 could accelerate the move toward 96.20, 94.76, and 92.44, historically associated with market stress and recessionary periods.
As the dollar's reputation as the world's safe haven erodes, Bitcoin—particularly in its regulated, ETF-wrapped form—is gaining favour as a neutral store of value.