Bitcoin vs Global Liquidity 👀
Something interesting is happening in which Global M2 is around $103.7T
₿ BTC is around $75.6K.
Historically, expanding global liquidity has often been a supportive macro backdrop for Bitcoin.
But here's the important part that's M2 isn't a buy signal by itself.
Liquidity tells us about the environment.
Price action tells us what BTC is actually doing.
I'm Watching both. 👀📊
#Bitcoin❗ #crypto
Something interesting is happening in which Global M2 is around $103.7T
₿ BTC is around $75.6K.
Historically, expanding global liquidity has often been a supportive macro backdrop for Bitcoin.
But here's the important part that's M2 isn't a buy signal by itself.
Liquidity tells us about the environment.
Price action tells us what BTC is actually doing.
I'm Watching both. 👀📊
#Bitcoin❗ #crypto
