Nostr Web Client

2/ Here is the same base series of the last chart. Considering that YoY Δ% is the first derivative of the base metric (being asset price or $ balance) with respect to time. Correlation is very high since March 2020, since the fiat firehose was unleashed.

Bootleg Macro Pleb 2y ago

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.

Reply to this note

Please Login to reply.

Discussion

Bootleg Macro Pleb 2y ago

4/ Track the NLQ metric yourself, make charts like these & get access to other tools (all free) using my #Python scripts. Usage guide in this twitter thread:

https://twitter.com/Tech_Pleb/status/1619721722714017792?s=20&t=pyU8mftBLI6xnrlL1_ab0Q

Bootleg Macro Pleb 2y ago

That's very cool how twitframe tweet previews have been added.

Bootleg Macro Pleb 2y ago

That's a wrap on my first Nostr thread. Gimmie a follow if you like content on Macro with Sexy-looking charts made using Python and focused on bitcoin. Plebs for the win.