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Something to keep an eye on...

jondoe - 2024-08-02 22:07:24

Global Liquidity is increasing again…


It's been a long time coming, and it's finally here.


I am talking about global liquidity.


The more liquidity the more bitcoin tends to go up.


We are breaking out right now:


image.png


(Source: https://x.com/BTC_Archive/status/1819477587321622696/photo/1)


Things look bad right now, and they are, but they aren't likely to last based on the above chart.


We are going to soon get rate cuts combined with increasing liquidity globally, and bitcoin loves that environment historically.