The chart displays the relationship between the GMI Total Liquidity Index (black line, left axis, in $BN) and Bitcoin (red line, right axis, in price) with a 12-week lead for the liquidity index. From December 2023 to November 2024, the GMI liquidity index shows a generally upward trend, peaking around late October before a sharp decline begins. Bitcoin's price follows a similar trend with a time lag, aligning with the liquidity index's trajectory. This suggests that changes in liquidity levels may act as a leading indicator for Bitcoin's price movements, with potential implications for forecasting price trends based on liquidity shifts. Show Less
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