Financial Conditions Index (FCI) Proxy vs. $BTC Price: A macro perspective on the inverse correlation between financial conditions and Bitcoin has never been clearer:

According to data from Alphractal, the Financial Conditions Index chart shows:

- When FCI eased (< 0) in late 2023, it fueled $BTC's explosion toward nearly 100K. Conversely, tightening shocks (> 0) in mid-2024 and late 2025 immediately halted the upward momentum. Currently (Q2/2026), FCI has cooled down rapidly toward the neutral zone (~0), relieving macroeconomic pressure and creating favorable conditions for the $BTC price structure to stabilize and recover.

- System liquidity remains the primary driver of the #Crypto market, especially $BTC. A cooling FCI is a positive signal for a healthy accumulation phase.