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Mitchell C
@macroguy
Global aggregated liquidity M2 (black line) is a good indicator of real asset appreciation (bitcoin - blue line). Black line go up due to central bank money printers going brrrr.. the correlation isn't perfect, but we can almost guarantee the M2 and hence BTC will pump this year!
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Mitchell C
@macroguy
Since January 2024 when the BTC Spot ETFs were approved, the net inflows are closely correlated with the BTC price. Of particular interest was the 5 day negative flows last week, which clearly dampened the BTC price. ETF flows will continue to play a crucial role in BTC price discovery.
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