Odaily Planet Daily News 📊 Over the past eight years, the price of Bitcoin has shown an interesting positive correlation with the size of the balance sheet of the People’s Bank of China (PBOC)! According to TradingView, the 30-day correlation coefficient between Bitcoin price and PBOC balance sheet size is 0.66, and this correlation has remained positive except in 2016 and from the end of 2022 to 2023.

However, on the other hand, Bitcoin’s 30-day correlation with the Fed’s balance sheet has reached -0.88, which is the lowest level since 2016. This phenomenon suggests that Bitcoin's performance in different economies can vary significantly.

Overall, Bitcoin's performance in the global market is still full of vitality and deserves continued attention! 🚀