Arthur Hayes is staying bearish on $BTC even as dollar liquidity rises.
COINOTAG reports his dollar liquidity index gained 4.49%, yet he says the downtrend holds until conditions change. Meanwhile $BTC sits near $76,900, down about 1.65% in 24h, with Fear & Greed at 38.
Liquidity up and price down is an odd mix. Either price catches up, or the market is saying liquidity isn't the driver right now.
Which side are you on: liquidity leads price, or the downtrend wins? Not financial advice.
#Bitcoin #Macro #Liquidity
COINOTAG reports his dollar liquidity index gained 4.49%, yet he says the downtrend holds until conditions change. Meanwhile $BTC sits near $76,900, down about 1.65% in 24h, with Fear & Greed at 38.
Liquidity up and price down is an odd mix. Either price catches up, or the market is saying liquidity isn't the driver right now.
Which side are you on: liquidity leads price, or the downtrend wins? Not financial advice.
#Bitcoin #Macro #Liquidity