I understand the pessimism surrounding cryptocurrencies; even pure chart analysts are saying it's all over, but I don't agree… Global liquidity is historically the most significant macroeconomic factor, with a 90% correlation to Bitcoin and a 97% correlation to the Nasdaq 100 since 2012. It's growing at approximately 10% annually and shows no signs of slowing. Global market financial conditions lead it by 6 months and continue to improve. Overall US liquidity, previously suppressed by pandemic lockdowns, is currently leading cryptocurrencies by 3 months and is accelerating from its low point 3 months ago. The business cycle is a key driver of profitability and risk and is accelerating. The expanded securities liquidity ratio (eSLR) is a mechanism by which banks increase liquidity through lending and absorbing government bond issuance. This liquidity is also increasing and will accelerate. Tax rebates entering bank balance sheets increase the propensity to create credit, thereby improving liquidity. China is accelerating the expansion of its balance sheet. The US is poised for further interest rate cuts, which will increase disposable income and thus improve risk tolerance. The Clarity Act is likely to pass, facilitating capital flows. Numerous banks and asset management firms are eager to utilize this technology, and this act will address that need. Stablecoins are rapidly growing, with issuance increasing by 50% last year and continuing to accelerate. Trading volume has reached trillions of dollars and is still accelerating. The US has the most supportive government in history regarding cryptocurrencies. Ultimately, agents are coming, and explosive growth is imminent. They represent a whole new market size. The cryptocurrency market remains in a state of panic, currently in its most severely oversold state according to most indicators. In two weeks, the DeMark weekly indicators will form a very solid bottom (you can access these indicators now on TradingView). The DeMark daily indicators are also consolidating. Any weakness from the current position will solidify the daily and weekly indicators, suggesting the possibility of a complete trend reversal. The risk factor lies in how long oil prices can sustain their highs. The next two weeks are crucial. I believe everything will move in a positive direction. Upward trend.
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