We'll examine recent PMI and S&P 500 data, which highlight potential growth opportunities in both traditional and crypto markets.
PMI Rise: Market Impact
From July 2008 to March 2025, the US Manufacturing PMI shows a rise, reaching at least 44 by late 2024, indicating expansion. Historically, rises in PMI correlated with S&P 500 increases, reaching values of 2,660 and 5,320 in previous PMI growth periods. The recent rise to 48 could suggest subsequent market rallies, including in the crypto space.
Bitcoin Short Position Liquidations
Recent market movements saw intense short-position liquidations in the $80K-$90K range as Bitcoin hit a $90K high. Most liquidations amounted to $200M, while long liquidations remained low at $20M. This significant shift may support Bitcoin's rise if buying sentiment remains above the $158B level.
Potential $3B Liquidity Scenario
Exchange liquidation maps showed heavy liquidation values at $76K, totaling $3.08B. If Bitcoin returns to this mark, a considerable drop to $71K might occur. However, holding above $84K and surpassing $99K can trigger a rally toward a target of $115.01K.
Current market data analysis suggests that recent changes in PMI and S&P 500 could promote positive trends in the crypto arena. Nevertheless, monitoring changes is crucial to respond to possible market corrections.
