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Bitcoin Analysts Disagree Over Reflation Trade After PMI Overshoot

by Vivek Kumar
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Bitcoin Analysts Disagree Over Reflation Trade After PMI Overshoot

Bitcoin (BTC) is set to gain from new macro tailwinds as US macro data sets up a “reflation” trade.

Key points:

  • 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.

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