tech_pleb on Nostr: 3/ Compare NLQ YoY Δ% vs BTC YoY Δ% to Raoul Pal's great chart showing global M2 ...

3/ Compare NLQ YoY Δ% vs BTC YoY Δ% to Raoul Pal's great chart showing global M2 money supply deviation from trend vs crypto total market cap YoY Δ%. The deviation from trend metric is similar to YoY Δ% in that it is essentially a first order derivative of the underlying metric. We see similar behavior between global M2 and Fed NLQ with respect to BTC. I expect that most global liquidity metrics will show a similar behavior.