TechFlow reported, according to Coindesk, data shows a positive correlation between Bitcoin price and the balance sheet size of the People's Bank of China (PBOC), with a correlation coefficient of 0.66 over the past 30 days. Recently, the PBOC announced a series of stimulus measures, including injecting 1 trillion yuan into state-owned banks and cutting the reserve requirement ratio. These moves have boosted both Bitcoin and Chinese stocks, with Bitcoin rising nearly 3% this week and more than 10% this month.
Market analysts believe China's stimulus policies could indirectly push up Bitcoin prices, especially in the long term. Meanwhile, global risk markets are receiving positive signals, and investor sentiment has shifted to a "buy-the-dip" mode. However, experts also warn investors to stay alert to potential risks and closely monitor changes in the global economic landscape.
