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Raoul Pal
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Keeps trucking along, doing its debasement thing... if 89% of all
BTC
's price action is explained by Global Liquidity then by definition almost all "news" and "narrative" is noise. Enjoy your weekend...
#BTC
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Raoul Pal
@RaoulGMI
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I get a million "when banana zone?". In RV Pro and GMI we called the start in Sept 2024, BTC doubled since then and quality alts 3x to 5x. We explained the Phase 1 correction in Jan to April, and called the low in April too The M2 chart is at acceleration point. Rates are coming down. The dollar is weakening... All that is left for Alts Season is the ISM decisively moving above 50. If your token doesn't perform, you've got the wrong allocation That's the playbook.
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(Taps screen) - Remember 90% of Bitcoins price action is driven by liquidity and 97% of the NDX. The rest is adoption effects. Relative performance of tokens or stocks are driven almost entirely by provable network effects (adoption) Your <insert narrative> is not the answer
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Updated GMI BTC/M2 chart: Nothing seems unusual here but please do not expect all wiggles to match or all timing points to be exact, it's the overall contextualization that matters the most... and yes, alts bleed more than BTC in corrections.
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Updated GMI BTC/M2 chart: Nothing seems unusual here but please do not expect all wiggles to match or all timing points to be exact, it's the overall contextualization that matters the most... and yes, alts bleed more that BTC in corrections.
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Here is a longer video of PXL DECK 125 by @kimasendorf that I just added to The Culture Vault... Each pixel is a token. This piece has 99,000 pixels (most of mine have 1m). It is fully interactive. This is art from the future.
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