Cryptocurrency

Solana

Bitcoin

April

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 <p class="paragraph">For months, the crypto markets, spearheaded by Bitcoin (BTC), languished in a constrained and subdued trading range, lacking significant catalysts.&nbsp;</p>
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 <p class="paragraph">However, a paradigm shift unfolded in the past month, fueled by renewed optimism. The resurgence stems from mounting confidence that US regulators may greenlight the inaugural spot Bitcoin exchange-traded fund (ETF) – perhaps even before the end of 2023.&nbsp;</p>
 <p class="paragraph">This newfound positivity propelled BTC beyond $37,000 last week, marking its first ascent above that threshold since April 2022.&nbsp;</p>
 <p class="paragraph">Crucially, alongside this resurgence of optimism came a resurgence of liquidity, historically indicative of impending significant bull markets.</p>
 <h2 class="wp-block-heading" id="h-crypto-market-adds-600-billion-in-liquidity-in-a-year">Crypto market adds $600 billion in liquidity in a year</h2>
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 <p class="paragraph">For the first time in several years, the cryptocurrency markets are witnessing a return of “tons of new liquidity, The Kobeissi Letter, a well-known commentator of the global capital markets, said in a November 12 post on X.</p>
 <p class="paragraph">According to the account, crypto has added $600 billion in value over the past year, marking a 75% jump. Over the same period, Bitcoin’s value surged by 120%.&nbsp;</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/gpkwl6-dyq_exihQ7uub2jVAbTfN5BoQhcOLfbWS15anFi5MO9v14mBTJV4Jyl3GGcaz3wFobLOtW48flPpnrXiGONnSpJgNQ3uGSLH4-uY2lIHV3F2FTAbKGr8AeiY-EsZBMzfdZXx6A1KlX37CBsQ" alt>
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   Crypto market 1-year liquidity change. Source: The Kobeissi Letter
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  <p class="paragraph">“This comes after years of consistent outflows from crypto <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>s.”</p> <cite>– The Kobeissi noted. </cite>
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 <p class="paragraph">Most notably, the resurgence in <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> is seen as a vital bullish indicator. As the popular X account put it, “A <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a> of <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> always causes <a rel="noopener noreferrer nofollow" title="historic" href="https://thebittimes.com/tag/historic.html">historic</a> moves in crypto.”</p>
 <p class="paragraph">The total crypto market cap is currently sitting at around $1.46 trillion, the highest since May 2022.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">At the time of writing on November 13, BTC was changing hands at $36,996, down 0.4% on the day.</p>
 <p class="paragraph">The maiden cryptocurrency gained around 4% over the past week and more than 37% on the monthly chart, adding roughly $200 billion in <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap over this period.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/_3aLxY8pYfTQknxYOkB_YTX9fhGBar80aGB9P_FH-vAKZ7d7ykybQAiD-885uqIYhWiNOuD3FJ-9d_ZCvW-kJH-cegfgQgo54Bhb63pP3Hz2GI6Qnx16zLSGCy-RIjuU_r474anv3zuwCWXmJ8fjjCU" alt>
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   BTC 1-month price chart. Source: Finbold
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 <p class="paragraph">Year-to-date, BTC is up 123%, marking an impressive surge from the $16,600 it was trading at on January 1, 2023.</p>
 <p class="paragraph">On November 10, pseudonymous crypto analyst <em>el_crypto_prof</em> said that BTC may be facing “the biggest bull run ever.” His analysis was predominantly based on the emergence of a rare buy signal on the M-Chart, which last emerged eight years ago.&nbsp;</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-eyeing-historic-move-as-tons-of-new-liquidity-return-to-market-tbt70076.html">https://thebittimes.com/crypto-eyeing-historic-move-as-tons-of-new-liquidity-return-to-market-tbt70076.html</a></p>

Crypto eyeing ‘historic move’ as ‘tons of new liquidity’ return to market

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