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BallaJi
Aug 24, 2023 10:25 AM

LIQUIDITY MATTERS! Global liquidity vs #Bitcoin 

WALCL+JPNASSETS*JPYUSD+CNCBBS*CNYUSD+ECBASSETSW*EURUSD-RRPONTSYD-WTREGENFRED

Description

Look at how the bullish green arrows and bearish red arrows show how global liquidity correlates HEAVILY with the direction of Bitcoin. T
You don't have to be a genius to see how beautiful this correlation is.
And how sensitive #BTC is to excess capital in the system.
As a risk on asset
When ppl have easy money to gamble with , a portion of that ends up in the #Crypto markets.

Currently you can see how aggressive the withdrawal of liquidity is across the globe

In the USA, EU, China & Japan.

Comment

$45 Billion of liquidity drained in one month

QT continues.
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