tech_pleb on Nostr: 3/ Compare NLQ YoY Δ% vs BTC YoY Δ% to Raoul Pal's great chart showing global M2 ...
3/ Compare NLQ YoY Δ% vs BTC YoY Δ% to Raoul Pal's great chart showing global M2 money supply deviation from trend vs crypto total market cap YoY Δ%. The deviation from trend metric is similar to YoY Δ% in that it is essentially a first order derivative of the underlying metric. We see similar behavior between global M2 and Fed NLQ with respect to BTC. I expect that most global liquidity metrics will show a similar behavior.
Published at
2023-02-15 07:21:41Event JSON
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"content": "3/ Compare NLQ YoY Δ% vs BTC YoY Δ% to Raoul Pal's great chart showing global M2 money supply deviation from trend vs crypto total market cap YoY Δ%. The deviation from trend metric is similar to YoY Δ% in that it is essentially a first order derivative of the underlying metric. We see similar behavior between global M2 and Fed NLQ with respect to BTC. I expect that most global liquidity metrics will show a similar behavior. \n\nhttps://nostr.build/i/nostr.build_cac8551697d147cebc2864757e201d75ca5b845873bd7c64c84ce04b31f53c2e.png",
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