Now that the global liquidity proxy – a measure of cross-border financial flows that have a particularly strong influence on risky assets – is again approaching the elevated levels last seen at the apex of the pandemic-induced mayhem, bullish bets on Bitcoin are also increasing in tandem. As an illustration of this evolving phenomenon, look no further than the spot Bitcoin ETFs, whose year-to-date inflows have just hit another record level. As we noted in a recent post, Bitcoin is directionally sensitive to measures of global liquidity. And, in what bodes well for the prospects of the world’s premier cryptocurrency, […]
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