Matrixport: Global money supply indicators return to market focus, may affect market trading direction

BlockBeats news, on June 25th, Matrixport released a daily analysis stating that "recently, the global money supply indicator has once again become the focus of market attention. This indicator captured the signal of a slight correction in Bitcoin in advance last week, thus attracting the attention of a large number of traders. Although historically, indicators based on market liquidity have been more accurate in predicting Bitcoin prices, due to the widespread attention of the market, their signals are often easily amplified by emotions, which can have a practical impact on price trends in the short term. Therefore, the next week will be a key node in verifying the effectiveness of this signal. As long as this market belief persists, it may be transformed into real buying momentum, further affecting the direction of market transactions. Although the correlation between this indicator and Bitcoin price is not stable in the long run, like most trading instruments, as long as it still has profitability, it has certain reference value