Global Liquidity Nears $100 Trillion: ‘Major Chart’ of Bitcoin Bull Run Hits New All-Time High

Global liquidity has risen to nearly $100 trillion, fueling bullish expectations for the Bitcoin (BTC) market.

This unprecedented level of liquidity is seen as a significant boost to Bitcoin’s ongoing bull rally, with the cryptocurrency now trading at $71,000.

A recent analysis of Philip Swift, creator of the on-chain data platform WatchIntoBitcoinreveals that the global M2 money supply amounts to $94 trillion, the highest ever recorded.

This figure is $3 trillion more than when Bitcoin reached its previous all-time high of $69,000 in late 2021.

Since bottoming at $85 trillion in late 2022, M2 has rebounded 10%, marking a significant recovery from the low point of the cryptocurrency bear market

Swift’s platform tracks the global M2 money supply and its relationship to Bitcoin price action. She highlighted the importance of this milestone on X (formerly Twitter), stating:

“The most important chart for this bull run just hit a new all-time high.”

This record global liquidity suggests a strong correlation between increasing liquidity and Bitcoin’s price trajectory, indicating that increasing M2 money supply could further fuel Bitcoin’s bullish momentum.

Bitcoin’s resilience and future prospects

Bitcoin has demonstrated remarkable resilience, revisiting the $70,000 price level amid positive macroeconomic indicators and increased market optimism.

With $1 billion added to new whale wallets every day, Bitcoin could be on the verge of another significant price move.

Despite minor setbacks since May 2021, Bitcoin’s overall trend remains bullish. CryptoQuant Founder and CEO Ki Young Ju highlighted similarities to mid-2020, when stable prices were accompanied by high on-chain activity, indicating solid market health.

The BTC money supply metric versus US M1 is also about to exit a seven-year consolidation period, the longest in Bitcoin’s history, as reported by Finbold.

This breakout is seen as a critical development that could trigger a parabolic surge in Bitcoin’s price, similar to past bull markets.

Additionally, on June 4, U.S. spot Bitcoin ETFs recorded their second-best combined day of net inflows ever of $886.6 million, reflecting growing institutional interest and confidence in Bitcoin as a trading asset class. value.

Additionally, the Puell Multiple indicator, which evaluates Bitcoin’s value relative to mining activity, has entered a “discount range,” suggesting that Bitcoin may be undervalued.

This often signals a good buying opportunity for investors who expect future price gains. CryptoQuant researchers believe the market may be entering a new phase of scarcity, preparing for a potential rally.

BTC price analysis

With Bitcoin currently trading at $71,284, up 0.7% on a daily basis and up 14% on the monthly chart, market sentiment remains optimistic for potential future rallies.

Substantial global liquidity, combined with increasing whale activity and institutional investment, sets the stage for a potential increase in the price of Bitcoin.

Overall, Bitcoin is getting the green light from all angles, indicating a robust and potentially profitable period for investors.

While overall sentiment is bullish, it is important to exercise caution and consider other factors before making investment decisions in the volatile Bitcoin market.

Disclaimer: The content of this site should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة