$BTC What is interesting in this cycle is that, although Bitcoin has fallen 53%, global liquidity has barely decreased. This is notable because, in previous bear markets, the main factor was the widespread exhaustion of liquidity. That is why BTC fell more. This time, however, liquidity seems to be holding up much better than in past cycles. If global liquidity starts expanding again after a relatively shallow correction like this, BTC may find a bottom much sooner, and at a much higher level, than in previous cycles. Something interesting to keep in mind.
$BTC What's interesting this cycle is that despite Bitcoin dropping 53%, global liquidity has barely declined. That's notable because in previous bear markets, the primary driver was liquidity drying up across the board. Hence why BTC went lower. This time, however, liquidity appears to be holding up much better than in past cycles. If global liquidity begins expanding again after such a relatively shallow pullback, BTC could bottom much sooner, and at a much higher level, than it has in previous cycles. Something interesting to keep in mind.
Content produced with automation assistance and editorial curation.