bullish

2024

Bitcoin

Base

when

<p>The post <a href="https://coinpedia.org/news/global-liquidity-surges-to-all-time-high-hitting-95-trillion-is-bitcoin-set-for-a-bull-run/" rel="noopener noreferrer nofollow">Global Liquidity Surges to All-Time High Hitting $95 Trillion: Is Bitcoin Set for a Bull Run?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p><a href="https://coinpedia.org/news/global-liquidity-index-predicts-bitcoin-to-hit-new-ath-in-2025/" rel="noopener noreferrer nofollow">Global liquidity</a> has recently reached an all-time high of $95 trillion, according to a tweet from Bitcoin Magazine. This development has caught the attention of Bitcoin investors and analysts, who closely monitor this key indicator.&nbsp;</p>
<p>Historically, an increase in global liquidity has often preceded significant bull runs for Bitcoin. Could this surge in liquidity signal another major price rally for the cryptocurrency?</p>
<h2 class="wp-block-heading" id="h-global-liquidity-hit-ath-95t">Global Liquidity Hit ATH: $95T</h2>
<p>In a recent tweet, Bitcoin Magazine highlighted that global liquidity, which highlights the total value of cash and other liquid assets available in the world, has surged to a record $95 trillion. However, global liquidity refers to the total amount of money circulating within the global financial system.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">NEW: Global liquidity hits an all-time high of $95 trillion <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f30e.png" alt="🌎" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Historically, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> price follows <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/AkUuwj1i2G" rel="noopener noreferrer nofollow">pic.twitter.com/AkUuwj1i2G</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1828390455395946544?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This surge in liquidity is often seen as a key indicator of market health, providing more capital that can be invested across various assets, including cryptocurrencies like Bitcoin.</p>
<p>The last time global liquidity was around this level, Bitcoin reached a new all-time high of $73,000 in March this year. Similarly, when global liquidity was at $90 trillion, Bitcoin peaked at $69,000 in November 2021. With the recent, global liquidity hit $95 trillion, approaching the significant milestone of $100 trillion.&nbsp;</p>
<h2 class="wp-block-heading" id="h-what-this-means-for-bitcoin">What This Means for Bitcoin</h2>
<p>As global liquidity reaches new heights, many in the cryptocurrency community are <a href="https://coinpedia.org/news/is-bitcoins-mysterious-candle-the-key-to-ending-its-downturn-top-experts-weigh-in/" rel="noopener noreferrer nofollow">speculating that Bitcoin</a> could be on the verge of another price rally.&nbsp;</p>
<p>However, independent technical analyst Gert van Lagen remains optimistic about Bitcoin’s future price action, suggesting that the current market conditions could lead to an explosive outcome.</p>
<p>Van Lagen points to the formation of a rare “cup-and-handle” (CnH) pattern on Bitcoin’s weekly chart. This pattern, which has been developing since October 2021, is often seen as a bullish indicator. A successful breakout from this pattern could trigger a parabolic rise, as it typically confirms a trend bottom followed by a higher sideways consolidation.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Once <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> leaves Base 4, the steepest kind of ascent <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> has ever witnessed is to be expected.<a href="https://twitter.com/hashtag/blowofftop?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#blowofftop</a> <a href="https://t.co/9WkSA6n4L9" rel="noopener noreferrer nofollow">pic.twitter.com/9WkSA6n4L9</a></p>— Gert van Lagen (@GertvanLagen) <a href="https://twitter.com/GertvanLagen/status/1828144344802697693?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Currently, Bitcoin has recovered to <a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow">around $62,500</a> after briefly dipping below $60,000 last month. With global liquidity reaching new highs, Bitcoin seems well-positioned to maintain its upward trajectory.</p>

Global Liquidity Surges to All-Time High Hitting $95 Trillion: Is Bitcoin Set for a Bull Run?

Table of Contents

CoinPedia News

Other articles published on Aug 27, 2024

UNICE Debuts Innovative Prototype and Strategic Buyback to Enhance Token Value

Polygon’s MATIC to POL Token Migration on September 4: Everything You Need to Know

What is the Reason for the Long-Term Decline in Bitcoin and Ethereum? Citi Analysts Explained!

Gate Ventures and Abu Dhabi Blockchain Center Launch $100M Web3 Fund

CME Makes Big Bitcoin Move – September 30th Bookmarked

Celsius Network Payouts $2.5 Billion To Creditors

Join our free newsletter for daily crypto updates!