Bitcoin Turns Negative Correlation with Global Easing Breadth Index, ETF Inflows Signal Institutional Accumulation

Odaily News Bitcoin's correlation with the "Global Easing Breadth Index," which covers 41 central banks, has recently shifted to a significantly negative correlation. This suggests that institutional funds, represented by ETFs, are more forward-looking and may have already positioned themselves ahead of potential future monetary policy easing cycles. Bitcoin spot ETFs recorded their largest single-day net inflow since late February this week, with the market widely believing that institutional investors are viewing the current price range as an opportunity for allocation and accumulation. However, the overall market remains range-bound and structurally fragile. Analysis indicates that current organic demand is weak, enterprise-level Bitcoin allocation is slowing, and volatility in the options market has increased significantly after the price fell below $68,000, with traders more inclined to increase downside protection. (CoinDesk)

Note: The Global Easing Breadth Index is an indicator used to measure the "coverage of easing" in monetary policy among major global central banks. This index typically tracks around 40+ major central banks (such as the Federal Reserve, European Central Bank, Bank of Japan, etc.), counting their policy directions, such as interest rate cuts or hikes.