Matrixport released a chart today indicating that fluctuations in global liquidity may exert certain pressure on Bitcoin. Historical data shows that changes in liquidity usually lead Bitcoin prices by about 13 weeks. As the US dollar strengthens after Trump's re-election, globally liquid assets denominated in US dollars begin to tighten, implying that Bitcoin may enter a period of consolidation in the near future. However, this consolidation is expected to be only a temporary phenomenon. Overall, risk assets (especially Bitcoin) still show positive long-term potential. Nevertheless, in a weak liquidity environment, traders should maintain higher caution, as these indicators have been proven to be reliable market indicators in history.
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