This is a Chart of the M1SL/BTCUSD up is good

This chart is a Chart taking the US $ money supply (M1) and / it by the BTCUSD price.

The trend that this chart is showing is i think the reason why we need to go down.
because the fear value per BTC is low the 15k$ i think.


- Take a look at the Gold, Crude OIL and DXY. (Need to go up for stable market)

- Take a look at BTC on long term holders
chain fees (Need to go above 75 per day Last seen sinds may 2021)
low Average Coin Dormancy (Need to go up above 30 on chart for stable/bull market Last seen sinds aug 2021)
---> studio.glassnode.com/metrics?a=BTC&...
The BTC Total Supply Last Active 6m-12m and Total Supply Last Active 2y-3y needs to turn up again
---> studio.glassnode.com/metrics?a=BTC&...
---> studio.glassnode.com/metrics?a=BTC&...

Comment:

This chart is just not coming down when BTC is going up.
that means that BTC is stronger then the $

Comment:

If this goes up the us is printing big cash
Downside is expected

Comment:

use M1SL/BTC as a reference