orioldc on Nostr: I plotted a new regression line with "total market liquidity" which includes the sum ...
I plotted a new regression line with "total market liquidity" which includes the sum of Fed assets, ECB and BoJ assets minus RRPONTSYD and WTREGEN. The resulting regression has a much better fit than just Fed assets. #Bitcoin
Based on this regression we would see a #Bitcoin price of over $100k with total market liquidity of over $26M of millions of USD. As of March this metric sits at $19.75M of MUSD whilst the historical maximum was $23.25M in September 2021 (2months before the historical #BTC ATH)
Based on this regression we would see a #Bitcoin price of over $100k with total market liquidity of over $26M of millions of USD. As of March this metric sits at $19.75M of MUSD whilst the historical maximum was $23.25M in September 2021 (2months before the historical #BTC ATH)