PV💜 Nostriches.

This is the most influential metric for dollar denominated price action for the time being. A decoupling from this correlation would mean that hardly anybody is selling bitcoin for dollars anymore. For now, we wait, stack, humble each other, zap, zap some more and mine fiat.

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Very interesting chart! 🤔

Most important chart there is

Lots of money are spent during #Bitcoin $BTC bottom.

Thanks @therationalroot for sharing the data. Not easy to have this kind of data, especially for FREE 👍

Looking at the chart it seems that the last bull run went less parabolic than global liquidity, unlike the first bull run when BTC seemed to move up faster - the second one more or less on par with global liquidity. Maybe because there are more valuable crypto assets now?

Nice one Colin ☺️

This may be the most important narrative surrounding Bitcoin. As liquidity continues the next phase will be mammoth.

This is a good chart.