[{"data":1,"prerenderedAt":247},["Reactive",2],{"P5rDdCAwa3":3,"x5141DOKZV":7,"inside-the-nci-march-9-2026":169,"_apollo:default":199},{"topBars":4},{"__typename":5,"data":6},"TopBarEntityResponseCollection",[],{"contents":8},{"__typename":9,"data":10},"ContentEntityResponseCollection",[11],{"__typename":12,"attributes":13},"ContentEntity",{"__typename":14,"slug":15,"isRestrictedContent":16,"contentUrl":17,"title":18,"blurb":19,"content":20,"publishDate":21,"timeToRead":22,"languages":23,"countries":37,"thumbnail":54,"heroImage":81,"author":116,"content_category":150},"Content","inside-the-nci-march-9-2026",true,"https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/Inside_the_NCI_1_881f65ab18.pdf","Inside the NCI  -  March 9, 2026","NCI rose 2.7% diverging from equities and gold, driven by $1.15B in BTC ETF inflows and short squeeze. 4.4% unemployment and collapsed Iran talks didn't stop rally.","\u003Ch2 dir=\"ltr\">\u003Cspan style=\"color: rgb(0, 0, 0);\">Nasdaq CME Crypto\u003Csup>TM\u003C/sup> Index Performance (Weekly):\u003C/span>\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">The NCI rose 2.7% last week, driven mainly by BTC (+3.1%) and ETH (+2.6%). The rally came despite early-week headwinds from collapsed Iran negotiations and a shocking −92K payrolls print that pushed unemployment to 4.4%, but sentiment shifted as leveraged short positions were unwound and spot BTC ETFs posted $1.15B in weekly inflows. The reversal was particularly notable given that crypto diverged from other major asset classes, with the S&P 500, Nasdaq 100, MSCI World, and gold all declining over the same period.\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Ch2 dir=\"ltr\">CIO’s view:\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">Crypto’s divergence from equities and gold amid positive ETF inflows and its recent short squeeze indicates bearish positioning may be overcrowded. 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