Matrixport: Global money supply indicators have regained market focus and may affect price trends in the short term

Planet Daily News: Matrixport released today's chart, stating that the global money supply indicator has recently become a market focus again. This indicator previously captured signals of a slight Bitcoin pullback last week, thus attracting significant trader attention. Although historically, market liquidity-based indicators have been more accurate in predicting Bitcoin prices, the widespread market attention to this indicator often amplifies its signals, potentially impacting price trends in the short term. Therefore, the next week will be crucial in verifying the signal's validity. As long as this market belief persists, it may transform into real buying momentum, further influencing market trading direction. While the long-term correlation between this indicator and Bitcoin price is not stable, like most trading tools, it remains valuable as long as it maintains profitability.