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CryptoIntelligence 2024-06-07 04:05:14

Bitcoin Bull Run Boosted by Record Global Liquidity Nearing $100 Trillion

Bitcoin is poised to extend its current bull run, fueled by a record high in global liquidity. On June 5, Philip Swift, the creator of the on-chain data platform LookIntoBitcoin, published an analysis revealing that worldwide liquidity is approaching $100 trillion. This surge in liquidity is significant for Bitcoin and crypto markets, which are highly sensitive to global liquidity trends. According to Swift, 2024 presents ideal conditions for a BTC price increase. Swift’s platform monitors the global M2 money supply and its correlation with Bitcoin’s price behavior. In terms of U.S. dollars, M2 has reached $94 trillion, surpassing previous levels

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