[Bitcoin's correlation with global liquidity is stronger than gold and stocks] Golden Finance reported that according to a report by venture capitalist Lyn Alden, Bitcoin (BTC) has a correlation of 83% with global liquidity, surpassing all major asset classes. The report pointed out that Bitcoin usually rises when liquidity expands and adjusts when liquidity contracts, making it the "purest liquidity indicator". Between May 2013 and July 2024, Bitcoin's correlation with global liquidity reached 0.94, but it weakened in the short term, with the 12-month and 6-month rolling average correlations of 0.51 and 0.36 respectively. The liquidity measure is M2 supply, including cash, bank account funds, etc. The report believes that global liquidity is a key driver of Bitcoin's long-term price performance, and investors can use this information to analyze Bitcoin market cycles. However, this correlation may weaken in major industry events or extreme market conditions.