Binance Research said in its November 2026 report that slower global monetary tightening could help Bitcoin, even if interest rates stay high. It found a −0.62 correlation since 2021 between changes in its tightening index and Bitcoin’s six-month returns. The report said this historical relationship does not show that slower tightening will cause a sustained recovery; inflation, Treasury yields and investor risk appetite also matter.
Eight of the 10 central banks tracked had raised rates over the preceding six months, but the spread of tightening had slowed from its July peak. Assuming no further policy changes, the researchers projected that the index would stay at 0.8 while its six-month momentum measure could fall to about 0.3 by January 2027. At the time of the report, futures markets put the chance of a quarter-point Federal Reserve rate increase in December at about 80% to 85%.
The report also said Binance’s Bstocks reached $1 billion in assets in 125 days. As of October 31, its on-chain utilization rate was 18.54%, against an industry average of 13.91%; the researchers said sustained use in DeFi, rather than asset growth alone, would matter for tokenized stocks’ long-term success.
