🟠Two Scenarios of Correlation Between BTC and M2 (Global Money Supply) 🕵️♂️
🪙 Screenshot #1
⚪️70-day offset (starting around March 24)
⚪️107-day offset (starting around April 30)
Depending on which scenario plays out, it will determine when the influx of global liquidity may reflect in BTC.
It would be logical if the correlation follows the first scenario, with a 70-day offset: then we can expect two months of spring euphoria in crypto and a summer hibernation. However, it's worth noting that the mathematical correlation is significantly higher with a 107-day offset.
🪙 Screenshot #2
Above the 90k mark for BTC, there is $6 billion in short position liquidations.
Notably, closer to 70k, only $300 million in long positions will be liquidated.
🪙 Screenshot #3
I’m always in favor of maximum pain, so I expect they’ll give us a target and we’ll break out upwards as planned. And then we can start the new summer correction and drift sideways until the end of autumn.
Thanks to Powell for his dovish stance, and assuming Trump will speak tomorrow at the Blockworks (DAS) crypto summit, we hope he’ll add more positivity.
#VoteToListOnBinance #BinanceLaunchpoolNIL #FedWatch #RippleVictory #ETHBreaks2k