TechFlow news, on June 25, Matrixport released a chart analysis stating that recently, the global money supply indicator has once again become a market focus. This indicator had previously captured an early signal of Bitcoin's slight pullback last week, attracting significant attention from traders. Although historically, liquidity-based indicators have been more accurate in predicting Bitcoin prices, this particular indicator, due to its broad market attention, often sees its signals amplified by sentiment, thereby exerting real short-term influence on price movements. Therefore, the coming week will be a critical period for verifying the validity of this signal.
As long as this market belief persists, it could translate into actual buying momentum, further influencing market direction. While the correlation between this indicator and Bitcoin prices is not stable over the long term, like most trading tools, it retains some reference value as long as it remains profitable.
