Gate News updates: On April 7, the correlation between Bitcoin and the Global Loose Breadth Index (a measure of monetary policy indicators covering 41 central banks) has recently turned significantly negative, suggesting that institutional capital represented by ETFs is more forward-looking, or has already positioned itself ahead of a future potential easing cycle of monetary policy. This week, Bitcoin spot ETFs recorded the largest single-day net inflow since late February. The market generally believes that institutional investors are viewing the current price range as an opportunity to allocate to and accumulate. However, the market as a whole is still range-bound with a fragile structure. Analysts believe that current organic demand is weak, and corporate-level Bitcoin allocation has slowed. At the same time, in the options market, after the price fell below $68k, volatility rose significantly, and traders are more inclined to increase downside protection.
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