According to BlockBeats, on September 27, CoinDesk reported that analysts pointed out that the price of Bitcoin and the size of the balance sheet of the People's Bank of China have shown a positive correlation in the past eight years, with a 30-day correlation coefficient of 0.66. Although there are exceptions in 2016 and from the end of 2022 to 2023, the overall trend is still obvious.

At the same time, the 30-day correlation between Bitcoin and the Federal Reserve's balance sheet is -0.88, the lowest level since 2016.

The People's Bank of China is considering launching an economic stimulus plan of up to 1 trillion yuan, which analysts believe may indirectly benefit Bitcoin because it may increase investment in blockchain and cryptocurrency projects. The economic easing policy may drive more capital into the digital asset field, and the market outlook is optimistic.