Bitcoin's correlation with the global easing breadth index has turned negative, and ETF inflows signal institutional buying.

The correlation between Bitcoin and the Global Easing Breadth Index, which covers 41 central banks, has recently turned significantly negative, indicating that institutional funds, represented by ETFs, are more forward-looking and may have already positioned themselves for potential future monetary policy easing cycles. This week, Bitcoin spot ETFs recorded their largest single-day net inflow since late February, with the market generally believing that institutional investors are viewing the current price range as an opportunity for allocation and accumulation. However, the market as a whole remains range-bound and structurally fragile. Analysts believe that organic demand is currently weak, enterprise-level Bitcoin allocation is slowing, and the options market has seen a significant increase in volatility after prices 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 monetary policy easing by major central banks worldwide. It typically tracks approximately 40+ major central banks (such as the Federal Reserve, the European Central Bank, and the Bank of Japan), calculating their policy directions, such as interest rate cuts and hikes.