Global Liquidity Oscillator Update

Our Global Liquidity Oscillator triggered an intra long signal today.

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In previous similar instances, this has led to a strong upward move in Bitcoin.

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The main factor driving this shift is a sharp drop in the MOVE Index. At the same time, commercial banks continue increasing their security holdings, even as the latest Federal Reserve Bank credit update reflects the Fed's ongoing caution.

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During yesterday’s FOMC, Powell confirmed that QT will continue, though we believe this could end soon as the RRP approaches its bottom levels.