Odaily Planet Daily News: Over the past eight years, the price of Bitcoin has been positively correlated with the size of the balance sheet of the People's Bank of China (PBOC). TradingView data shows that the 30-day correlation coefficient between the price of Bitcoin and the size of the balance sheet of the People's Bank of China is 0.66. Except for 2016 and the end of 2022 to 2023, the correlation has been positive. In addition, the current 30-day correlation between Bitcoin and the Federal Reserve's balance sheet is -0.88, the lowest level since 2016. (Coindesk)