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HTX DeepThink: Global Liquidity Supports Bitcoin Strength, Core Inflation May Disturb Market Again
Summary: In a recent analysis by HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1), it was pointed out that global liquidity remains high, with the M2 money supply of major economies reaching approximately $95.116 trillion, hitting a historical high. This sustained loose liquidity in the short term provides strong support for Bitcoin prices. At the ...
In a recent analysis by HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1), it was pointed out that global liquidity remains high, with the M2 money supply of major economies reaching approximately $95.116 trillion, hitting a historical high. This sustained loose liquidity in the short term provides strong support for Bitcoin prices. At the same time, institutional positions are further concentrated, with Bitcoin ETF holdings surpassing 1.3 million coins and MicroStrategy once again increasing its BTC holdings by 430 coins, indicating that institutional demand remains robust.
Looking ahead to this week, macroeconomic data will be the core variable for market pricing. The revised value of the US GDP for the second quarter is about to be released, with market expectations possibly being revised down from the initial 3% to 2.4%. The upcoming core PCE data is seen as a key inflation indicator for the Federal Reserve's September interest rate meeting. If core PCE exceeds expectations, it may trigger a reassessment of the interest rate path by the market, suppressing short-term trends in Bitcoin. Conversely, if inflation remains moderate, it will further solidify loose expectations, helping the crypto market to continue its strength.
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Link: HTX DeepThink: Global Liquidity Supports Bitcoin Strength, Core Inflation May Disturb Market Again [Copy]
