Who is the ultimate influencer on altcoins❓

The answer is global liquidity.

🔎Examining the link between total cryptocurrency market capitalisation (excl. BTC & ETH) and global liquidity reveals a strong positive correlation (0.78) between risky assets and global liquidity.

🏦As central banks' balance sheets grow, altcoins also grow, and vice versa. This emphasises the importance of watching global liquidity when entering a risk-on mode with altcoins.