Crypto: Bitcoin 'reflation' Bets Diverge After Us Pmi Breaks Three-year...
Bitcoin price correlation with PMI sparked disagreement among analysts after the latter spiked above 50 for the first time since 2022.
Bitcoin (BTC) may be set to gain from new macro tailwinds as US macro data sets up a “reflation” trade.
US ISM PMI data for January breaks a full year of contraction during 2025.
Reactions disagree over the impact on BTC price action despite the previous PMI correlation.
A hidden bearish divergence between PMI and BTC/USD is now active.
New analysis from sources including Andre Dragosch, European head of research at crypto asset manager Bitwise, sees US financial policy fueling a BTC price rebound.
This week, the latest Manufacturing Purchasing Managers Index (PMI) Report from the Institute of Supply Management (ISM) delivered a surprise overshoot.
ISM PMI is a composite gauge for US economic performance, and contracted throughout 2025. Now, the index has pushed back above the key 50 level for the first time since mid-2022, data from TradingView confirms.
For Dragosch, this, coming as a consequence of the wild rally in gold and silver, means one thing: “reflation.”
“You're naive if you believe that there is no valuable information for bitcoin in the latest (precious-)metals rally,” he told X followers in a post on Tuesday.
Source: CoinTelegraph
