Binance Research: Slowing Global Tightening May Support Bitcoin

TechFlow reported on November 10, citing Cointelegraph, that Binance Research said Bitcoin may find support before major central banks start cutting rates if the global trend of rate-hike diffusion continues to slow.

The firm said 8 of the 10 central banks it tracks raised rates over the past six months, but tightening momentum has begun to weaken since peaking in July. Whether the slowdown in tightening can last into early 2027 will be key to determining whether the macro environment for crypto assets improves.

Binance Research pointed out that in the previous cycle, Bitcoin bottomed in November 2022, and its six-month return turned positive in February 2023, before the central banks covered by its index began cutting rates; the firm believes Bitcoin's trend follows the direction of global policy rather than the level of policy.

Source: TechFlow