According to The Kobeissi Letter, Bank of America data shows that a net 31% of institutional investors are underweight the US Dollar, marking the largest underweight position in two decades. This net positioning has dropped by approximately 52 percentage points over the past five months. The shift indicates a significant move away from the US Dollar by both asset managers and leveraged funds, which could drive increased capital flows into alternative assets, including major cryptocurrencies like BTC and ETH. Traders should monitor this dollar trend as it often correlates with heightened demand and volatility in the crypto markets. (Source: The Kobeissi Letter via Twitter, Bank of America)