Binance Research: Bitcoin’s correlation flipped as ETFs lead macro pricing in 2026
Binance Research said on April 5, 2026 that Bitcoin is increasingly moving ahead of central-bank policy shifts, rather than reacting after Fed decisions. The report cites a 2026 correlation of −0.778 between BTC and Binance’s Global Easing Breadth Index, versus +0.21 before US spot ETF approvals, alongside spot ETF totals of $56 billion inflows and $87.5 billion AUM. It also flags April 10’s US CPI print as a near-term test as BTC recovered toward $70,000 while equities stayed pressured by tariffs.