Global Liquidity Reaches ATH as BTC Analyst Points to Potential Price Catalyst
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- Analyst Root highlights record global liquidity levels with a steep upward trajectory.
- Chart shows a strong historical correlation between liquidity and Bitcoin prices.
- Central bank money supply continues an upward trend across major economies.
Bitcoin analyst “The Rational Root” has pointed out that global liquidity is at record highs and climbing steeply. In a short tweet, Root said, “Global liquidity at an ATH, rising steeply.” The chart that Root shared places global liquidity from central banks against the Bitcoin price over a number of market cycles.
Specifically, the chart tracks the total money supplied by central banks, some of which include the Federal Reserve, European Central Bank, Bank of Japan, People’s Bank of China, and others. Notably, the blue area representing global liquidity rises steeply into record highs.
Global liquidity has historically been correlated with Bitcoin price, which is demonstrated by the orange line tracking Bitcoin price for the same time period. The bottom of the chart showing the year-over-year p…
The post Global Liquidity Reaches ATH as BTC Analyst Points to Potential Price Catalyst appeared first on Coin Edition.
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