Bitcoin is experiencing intense selling pressure, trading around $82,490 and shedding 1.62% in the last 24 hours, as the U.S. Dollar Index (DXY) has soared above 102.50 to hit its highest point since April 2025. This surge in DXY is driven by increased oil prices impacting major importers and the Federal Reserve's hawkish monetary policy outlook, with Cleveland Fed President Beth Hammack stating restrictive policy is necessary to cool inflation. Bearish derivatives activity, including $43.22 million in long liquidations over the past 24 hours, further adds to concerns.