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Matrixport: Global Currency Supply Index Regains Market Attention, May Impact Market Trading Direction
Summary: Matrixport has released a daily analysis stating that the global currency supply index has once again become a focus of the market. This index previously captured a signal of a slight Bitcoin pullback last week, attracting significant attention from traders. While historically liquidity-based indicators have been more accurate in predicting Bitcoin prices, the widespread attention ...
Matrixport has released a daily analysis stating that the global currency supply index has once again become a focus of the market. This index previously captured a signal of a slight Bitcoin pullback last week, attracting significant attention from traders. While historically liquidity-based indicators have been more accurate in predicting Bitcoin prices, the widespread attention on this index can often amplify signals emotionally, potentially impacting price trends in the short term. Therefore, the next week will be a crucial period to validate the effectiveness of this signal. As long as this market belief persists, it may translate into actual buying momentum, further influencing market trading direction. Although the correlation between this index and Bitcoin prices is not stable in the long term, like most trading tools, as long as it remains profitable, it holds some reference value.
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Link: Matrixport: Global Currency Supply Index Regains Market Attention, May Impact Market Trading Direction [Copy]
