Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH.

Philip Swift, the founder of the on-chain analytics platform LookIntoBitcoin, recently highlighted the significant increase in global liquidity, which just hit a new all-time high (ATH). Swift suggested this was a crucial indicator of how Bitcoin can rise in this bull run.

The Most Important Indicator For Bitcoin.

Swift claimed that the global liquidity was the "most important" chart in this bull run while revealing that it had just hit a new ATH. The chart he shared showed that the global liquidity was now at $94 trillion and approaching the $100 trillion mark. Based on his analysis, this development could also lead to new ATHs for Bitcoin.

Global liquidity was around $90 trillion when BTC hit its previous ATH of $69,000 in the 2021 bull run. Additionally, Bitcoin's price has risen above that level since global liquidity, thereby confirming the correlation between this global liquidity indicator and Bitcoin's price. Swift claimed that Bitcoin's rise is "inevitable" as long as global liquidity keeps trending.

Swift mentioned that BTC had a "long way to go" after it hit a new ATH of $73,750 in March. He made reference to the MVRV z-score indicator, which showed that the flagship crypto was still well below its fair value. In a recent X post, the crypto founder suggested that Bitcoin would at least rise above $100,000 before the market top can be said to be in.

Swift claimed that the Bitcoin cycle top indicators were continuing to climb higher. These top indicators were the delta top, terminal price, and top cap, which were at $137,579, $148,390, and $364,541, respectively.

Meanwhile, like Swift, crypto analyst

Tarekonchain recently highlighted the

Market Value to Realized Value (MVRV) indicator and mentioned that Bitcoin

was still far from its peak. Based on this,

the analyst predicted that BTC could still

achieve new highs in this cycle and

possibly rise above $100,000.