cryptd.in

另类 LinkedIn 适合加密人才

Bitcoin In For Another 460% Run? This Rare Fiat Signal Just Returned

-

由

cryptd.in
于

The Global Money Supply has just hit a rare yearly growth rate of 9%. Here’s what followed for Bitcoin the last few times this signal appeared.

Global Money Supply Is Currently Sharply Going Up

在新的 邮寄 on X, Capriole Investments founder Charles Edwards has talked about the latest trend in the Global Money Supply. The “Global Money Supply” refers to an indicator that measures the total amount of fiat supply (priced in US Dollars) issued by the top countries around the world.

Below is the chart shared by Edwards that shows the data for the year-on-year growth in the metric:

Bitcoin Vs Global Money Supply

As displayed in the graph, the metric’s value has recently been witnessing an increase, indicating that fiat supply is going up. “Central banks are flooding the market with fiat money,” notes the analyst. Currently, the indicator stands at around 9%, which corresponds to the Global Money Supply undergoing a 9% jump over the last twelve months. “This is extreme and rare,” says Edwards.

In the same chart, the Capriole Investments founder has also attached the historical data of the daily Bitcoin price. Interestingly, past surges of the metric to this level all preceded significant bull rallies for the cryptocurrency over the next twelve months.

More specifically, the August 2017 signal led to a 663% surge, the November 2017 one to a 136% increase, and the June 2020 one to a 580% rally. This comes to an average gain of 460%.

Thus, it would appear that money printers being busy around the world is something that tends to be bullish for Bitcoin. Considering that the Global Money Supply is once again rising at an appreciable rate, it only remains to be seen whether BTC will once again feel a positive effect over the coming year.

In some other news, the Bitcoin network recently saw its largest ever movement of coins older than ten years, as CryptoQuant Head of Research Julio Moreno has pointed out in an X 邮寄.

Bitcoin Dormant Coin Spending

In total, this latest spike of transactions involving ancient coins saw the movement of around 81,000 BTC, worth a whopping $8.8 billion. Generally, old coins move when they are being sold, so these transfers could correspond to profit-taking.

Interestingly, the Apparent Demand indicator has remained positive for Bitcoin even after these transactions, as Edwards has explained in another X 邮寄.

Bitcoin Apparent Demand

This metric gauges the demand for Bitcoin by comparing its production (mining issuance) against its inventory (supply inactive over 1 year). “Despite 80,000 BTC moving, Bitcoin’s Apparent Demand is still bullish,” says the analyst.

Bitcoin Price

At the time of writing, Bitcoin is trading around $108,400, up 0.7% over the last week.

Bitcoin Price Chart

评论

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (74) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。