Macro Analyst: Chinese Liquidity and Bitcoin’s Price Are in Sync

• A popular analyst has observed a coinciding trend between Chinese liquidity and Bitcoin.
• The analyst projects that the trend could continue into the latter days of the year.
• The developing pattern has generated curiosity among crypto users.

A popular crypto analyst identified on Twitter as tedtalksmacro has observed a coincidence between the increasing Chinese liquidity and a surge in the price of Bitcoin. He projects that the trend will continue into the latter days of the year, considering the stalling post-pandemic recovery.

Chinese liquidity has increased recently and that's coincided with a move higher in #BTC –> a theme this year.

As the post-pandemic recovery stalls, expect more of the same from the PBoC into year-end if data continues to disappoint… pic.twitter.com/VJFoXAiCOK

— tedtalksmacro (@tedtalksmacro) June 26, 2023

The analyst noted an all-year coincidence between the Chinese liquidity and Bitcoin’s price. On April 30, 2023, he observed an unexpected contraction in China’s manufacturing. In a tweet, he indicated the contraction happened after a hot start to the year and projected more liquidity injection from the People’s Bank of China…

The post Macro Analyst: Chinese Liquidity and Bitcoin’s Price Are in Sync appeared first on Coin Edition.