Global liquidity is accelerating, the fair value of BTC - 180,000$.

Analytical models based on global liquidity (money aggregates of the largest economies) indicate an acceleration of liquidity inflow into the financial system.

Key takeaways:

- Correlation #BTC with global liquidity = 0.96.

Bitcoin has historically almost perfectly followed the liquidity curve. When liquidity increases - BTC moves along with it. But in recent months, of course, this correlation has significantly weakened and has let down many analysts, traders, and investors.

- But the fact is the fact - the model's fair value for BTC today is around $180,000.

The line of global liquidity is currently around this price, while the price remains significantly lower.

- BTC is again significantly undervalued relative to the macro cycle.

The current price has fallen below an important zone of the model and such divergences in past years have "spoiled" major growth impulses (2020, 2023, early 2025).

- If the acceleration of liquidity continues (against the backdrop of the Fed's pivot and easing of global policy), the model indicates the potential for movement to the upper ranges - which is $200,000 in 2026.

The key question as always is one - how can BTC show $200,000 in 2026 if according to four-year cycles the next year is a crypto winter, a bear market.