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Bitcoin's Correlation with Fed Turns Negative as Institutional ETFs Reshape Market

05 April, 2026.Crypto.7 sources

Key Takeaways

Bitcoin price now leads Fed policy, reversing prior correlation due to ETF dynamics.
Spot Bitcoin ETFs shifted price dynamics, with institutional outflows signaling cautious demand.
ETF outflows and Fed news contributed to a two-month low in Bitcoin prices.

ETFs Shift Bitcoin Dynamics

Bitcoin's correlation with a Global Easing Breadth Index has turned strongly negative since 2024.

“Bitcoin is now front-running the Fed rather than reacting to it”

@coindesk

Binance Research described this as a structural shift driven by ETFs.

@coindesk

Crypto-native drivers may matter more than the direction of monetary easing.

ETF Outflows and Price Pressure

Bitcoin ETFs suffered the largest daily exit since November.

Bitcoin slipped back below $85,000.

Bloomberg Línea

ETF outflows preceded the Fed's decision to keep rates on hold.

Market Reaction to Fed Leadership

Bitcoin faced additional pressure after Kevin Warsh was named Fed chair.

“Los fondos cotizados de BTC han sufrido la mayor salida diaria desde finales de noviembre Bolsamania Tiempo de lectura:8min Fortísimas caídas en el mercado de lascriptomonedas, que ha perdido un 6% de su capitalización total en las últimas 24 horas”