Bitcoin (BTC) price discovery is a given now that global liquidity is breaking into undiscovered territory, as highlighted in Bitcoin analysis.

On that note, Bitcoin stands to enhance its current bull run due to record-high global liquidity. A new analysis published on June 5 by Philip Swift, the developer of the on-chain data platform LookIntoBitcoin, shows that liquidity globally is nearing $100 trillion.

Global Liquidity Record Suggests BTC Price Copycat Movement

Bitcoin and the crypto markets are majorly sensitive to global liquidity trends, and in 2024, the condition might not be highly conducive to BTC price upside. That was the conclusion from Swift, whose platform tracks the world’s M2 money supply and compares it to Bitcoin price behavior.

In United States dollar terms, M2 is now at $94 trillion which is more than ever before and $3 trillion higher than when Bitcoin reached its old $69,000 all-time high in late

Keep reading this article on E-cryptonews.com.

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