Heres the global liquidity index mapped against BTC and its past cycle data for reference.
Im sure you can spot the positive correlation it has.... When global liquidity increases, risk on assets such as BTC increase due to an influx of new liquidity in money markets.
We have been consolidating for 2 years in the global liquidity index in an ascending triangle....
The GLI is looking very interesting at these levels. It's currently bouncing around within the Fibonacci retracement levels shown. Stocks and crypto usually perform better during times of increased liquidity for obvious reasons. Now that we are heading into a period where central banks around the world are propping up markets with freshly printed cash, we may see...
