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Bitcoin is becoming increasingly correlated with Chinese stocks (which are entering a bull market)

Bitcoin is becoming increasingly correlated with Chinese stocks (which are entering a bull market)

Feb 22, 2023 04:32 AM |
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tedtalksmacro
Tedtalksmacro @tedtalksmacro
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#Bitcoin is 6% away from @saylor’s breakeven price ($29,817) Every #Bitcoin bull market has commenced with a spike in BTC dominance (as has every bear market). #MtGox largest creditor will not sell it’s returned Bitcoin. US dollar liquidity is on the rise so far in March (~+100bn inflows) Liquidity leads, price lags! #Bitcoin ~56MM in liquidations over the weekend thus far, while #Bitcoin has traded in a 2% range #Bitcoin 'OI weighted funding' was last negative on the 12th Feb... a +15% move higher followed. It's happening again now