The BOLD signal is measured using fMRI and reflects changes in oxygen levels in the blood. It summarizes:
1. The BOLD signal seems more strongly correlated with local field potentials than neuronal firing, reflecting synaptic activity levels in a neuronal population.
2. Postsynaptic excitatory activity increases energy demands, triggering blood flow increases to supply oxygen. This decreases the ratio of deoxygenated to oxygenated blood, increasing the MRI signal.
3. Negative BOLD signals may result from inhibitory postsynaptic potentials, which decrease neuronal activity and energy use, reducing blood flow and increasing the deoxygenated blood ratio.