Bitcoin's price remains significantly influenced by the macro liquidity environment. Global liquidity conditions, driven by central bank policies, interest rates, and quantitative easing or tightening, impact risk assets like Bitcoin. When liquidity is abundant, investors often allocate capital to speculative assets, boosting Bitcoin's price. Conversely, tightening liquidity, such as rising interest rates or reduced money supply, tends to pressure Bitcoin downward as risk appetite wanes. For instance, Bitcoin surged during periods of expansive monetary policy in 2020-2021 but faced challenges during the 2022 tightening cycle. While other factors like adoption, halving events, and market sentiment play roles, macro liquidity sets the broader backdrop. Bitcoin's correlation with equities and other risk assets further underscores this dependency. However, its decentralized nature and fixed supply can sometimes decouple it from traditional markets, though not entirely. T