I mentioned net liquidity, not for academic comparison
It is just a reference indicator~ To make an inappropriate analogy: how much water is in the pool! But it also depends on the water temperature, the expected water level in the future, and the water temperature
More importantly, the state of people soaking in the water, are they used to ice water? Or do they take warmth for granted? In addition, assets often generate momentum, deviate in the short term, stretch, and then return
Liquidity increased slowly at the beginning of the year, but the water level is expected to rise and the water temperature will become hot! ETF has just been approved, and the momentum is very strong
If BTC enters excessive stretching, it will be very dangerous. Early price in requires liquidity to realize this expectation. But in the end, the interest and liquidity expectations were all lost, and it began to return
But recently the momentum has started again, superimposed on halving, ETF, bull market belief, U deposit, heavy price in interest rate cut expectations, and rebound. I feel that the market has entered a state where it relies on its own momentum to maintain prices, waiting for the water temperature, water volume, and various market conditions to be met.
If you can predict the market by just learning to refer to a few data and drawing a few charts, investment banks can just make a program and algorithm. Why spend hundreds or even tens of millions of dollars to hire traders?
#BTC走势分析 $BTC