A generally followed trader says that Bitcoin (BTC) has a unique signal while it continues to go through a consolidation phase of several months.
Analyst Ali Martinez tells his 129,300 followers on the social media platform X, which makes BTC possible for a huge upward burst after disconnection of global liquidity – a metric that measures the volume of financial flows.
Prominent analysts in the industry are of the opinion that rising global liquidity often precedes the Bitcoin bull markets, because the increase in money supply investors gives the capital to invest in risk assets such as BTC and Crypto.
According to Martinez, global liquidity has been at an altitude since the second quarter of 2024, while Bitcoin has been fixed In a wide trade range for months.
“Global liquidity is increasing again and Bitcoin has traditionally been strongly correlated with it. However, since July BTC seems to be left behind, which can indicate a unique buying! “
For now, Martinez thinks It is important for Bitcoin to stay above BTC’s short-term holder, a price, a metric that calculates the average price with which investors in the short-term-nine who hold Bitcoin for less than 155 days bought-hun coins.
“An important signal for Bitcoin BTC to expand his bull run is to reclaim the short -term holder who realized the cost basis at $ 92,000!”
At the time of writing, Bitcoin is worth $ 92,670.
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Generated image: midjourney