The current Bitcoin (BTC) rally is witnessing a major boost with global liquidity reaching an unprecedented level of $94 trillion, according to a new analysis conducted by Philip Swift - founder of the blockchain data analysis platform LookIntoBitcoin - paving the way for further rises. Potential in the price of Bitcoin.

Global liquidity has reached an unprecedented level

The most important chart for this bull run has just made a new all-time high.

Are you ready#bitcoinpic.twitter.com/hZsF6ljsvR

— Philip Swift (@PositiveCrypto) June 5, 2024

On June 5, Philip Swift published an analysis showing that global liquidity - measured by the M2 global money supply index - had reached an all-time high in US dollar terms. The M2 index now stands at $94 trillion, exceeding the previous peak, $3 trillion higher than it was when the price of Bitcoin reached its previous high of $69,000 in late 2021.

Experts see this recovery as massive compared to the low of $BTC