Predictions about Bitcoin's movement and other cryptocurrencies are increasingly tied to global changes in M2 liquidity. Glassnode founders Yann Allemann and Jan Happel shared their insights on how liquidity changes might affect the market in the coming days.
Predictions from Glassnode Founders
Yann Allemann and Jan Happel predict that Bitcoin's movement will depend on changes in global M2 liquidity anticipated within four days. According to them, these data set the stage for a potential price reversal for Bitcoin.
Current Situation in the Cryptocurrency Market
Currently, the market is at a standstill, reflected in the lack of active buyers and sellers. Bitcoin prices have stabilized around $114,000, indicating minimal trading volumes and declining profitability of trades.
Historical Context and Potential Consequences
Historically, changes in M2 liquidity have served as important indicators for directionality in Bitcoin and other major assets like Ethereum. The upcoming wave of liquidity changes may either strengthen the positions of these cryptocurrencies or lead to their decline.
The analysis indicates that investors are focusing on macroeconomic conditions that could influence Bitcoin's trajectory. The coming days promise to clarify the current financial dynamics.
