Growing global monetary liquidity at an annualized rate of over 6%, marking the fastest growth since April 2022 and set to impact Bitcoin.
The growing global monetary liquidity, which is at an annualized rate of over 6%, marked the fastest growth since April 2022. This is set to impact
However, short-term headwinds remain, particularly with the ongoing “unfavorable Fed liquidity environment” and a potential increase in the USD strength.The surge in global liquidity will significantly impact Bitcoin’s price. Bitcoin is forming a massive cup-and-handle pattern, with a breakout anticipated around mid-September, likely during or after the Fed’s meeting.
Until press time, long-term holders have kept 16.13 million BTC for more than 155 days, with the previous ATH reaching 16.29 million BTC in December 2023.
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