Most people watch CPI or rate cuts.
But if you trade crypto, the National Financial Conditions Index (NFCI) is also worth tracking.
It reflects how "loose" or "tight" money is across credit, leverage & liquidity.
When NFCI drops (looser conditions), $BTC tends to fly.
That’s not a coincidence — $BTC is still a risk asset that thrives on abundant liquidity.
In early 2024, NFCI spiked due to macro uncertainty. $BTC pulled back.
But conditions eased fast, and liquidity came back. So did the rally.
Don’t just watch the charts. Watch the flow of money.

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XRP is close to massive recovery if this on-chain trend persists

50% XRP Skyrocketing on Background: Bullish Reversal?

The conflict between Israel and Iran rapidly escalated this week. Against the backdrop of widespread volatility in risk assets, Bitcoin was affected but quickly rebounded, rising to $106,000 in the afternoon and currently trading at $105,398.

The US spot Bitcoin ETF has also recorded net capital inflows for five consecutive trading days, with a cumulative amount of $1.3 billion. (On June 13, an additional $301 million in net inflows was recorded.)

[Xnip2025-06-15_15-07-59 | BlockTempo-The Most Influential Blockchain News Media]B...

BTC hits $106,000, Bitcoin spot ETF has net inflows for five consecutive days

Bitcoin rebounded from a Middle East selloff and now trades above $105K, as long-term conviction strengthens among younger investors embracing its global ethos.