Bitcoin is negatively correlated with the Global Loose Broadness Index, and ETF capital inflows signal institutional accumulation.

Deep Tide TechFlow message, April 07, according to CoinDesk, the correlation between Bitcoin and the “Global Easing Breadth Index,” which covers 41 central banks, has recently turned into a significantly negative correlation, suggesting that institutional funds represented by ETFs are more forward-looking, or have already positioned themselves ahead of a potential future cycle of monetary policy easing. This week, Bitcoin spot ETFs recorded their largest single-day net inflow since late February. The market broadly believes that institutional investors are viewing the current price range as an opportunity to allocate and accumulate. However, the market overall is still range-bound with a fragile structure. Analysis suggests that current organic demand is weak; corporate-level Bitcoin allocation has slowed. Meanwhile, in the options market, after the price fell below $68k, volatility rose significantly, and traders have been more inclined to add downside protection.