tech_pleb on Nostr: USD Net liquidity metric (NLQ) vs BTC full history. YoY Δ%. Periods of increasing ...
USD Net liquidity metric (NLQ) vs BTC full history. YoY Δ%. Periods of increasing liquidity coincide with periods of BTC price appreciation. This makes sense, as the fiat spigots are opened, some % of the new money finds its way into BTC. As people begin to worry about dollar debasement, the trend accelerates. Then you get times like 2020 where the money printing is so fast and distractions are significant so you get a big lag between the printing and the pumping (of BTC price).
Published at
2023-02-15 07:16:44Event JSON
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"content": "USD Net liquidity metric (NLQ) vs BTC full history. YoY Δ%. Periods of increasing liquidity coincide with periods of BTC price appreciation. This makes sense, as the fiat spigots are opened, some % of the new money finds its way into BTC. As people begin to worry about dollar debasement, the trend accelerates. Then you get times like 2020 where the money printing is so fast and distractions are significant so you get a big lag between the printing and the pumping (of BTC price). \n\nhttps://nostr.build/i/nostr.build_fd5c86d063f28be09a0452d9c1e380b00614d97d61454012617b37d7645f94ee.png",
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