Given the prevailing fear in the market right now, I’ve realized an important point. While many people have become disappointed with crypto and technical analysts think everything is over, the reality is telling a different story.

Global liquidity is the macro factor that is most critically important. Since 2012, its correlation with Bitcoin has been 90%, while with the NASDAQ 100 it has reached up to 97%. Its annual growth is about 10%, and there are no signs that it will slow down. This is an extremely important point that most people are ignoring.

The GMI Financial Conditions Index runs about six months ahead of liquidity and is currently in a loosened state. During the stopgap period for U.S. liquidity, it was suppressed, creating a tight band. This indicator is about three months ahead of crypto and is rapidly rising from the lows from three months ago. That means we could see extreme momentum in the coming months.

The business cycle is the main driver of returns and risk, and it is moving forward rapidly. Liquidity increases through the ESLR mechanism by absorbing bank credit and the treasury. This liquidity is also rising and will accelerate further. Tax refunds are entering bank balance sheets, boosting credit creation and making liquidity even more abundant.

The U.S. is about to cut interest rates, which will increase disposable income and raise appetite for taking risk. The Clarity Act is expected to be passed, which will accelerate capital flows. Many banks and asset managers want to adopt this technology, and this law will open that door. Stablecoins are rapidly evolving—last year, their issuance increased by 50%, and this pace is still accelerating. Trading volume has reached billions of dollars.

The U.S. government’s stance on crypto has become historically positive. In the period ahead, agencies will be established and will accelerate market development, creating a completely new market.

Now, let’s look at the technical side. The crypto market is in panic, and according to most indicators, it is at the most extremely oversold level in history. The weekly DeMark indicator will provide very strong support after two weeks. The daily DeMark is also in a combined position. If weakness appears, both indicators will trigger, signaling a trend reversal.

One risk factor is crude oil prices, which are still staying at high levels. The next two weeks will be critical. But considering all these factors, I believe positive outcomes are ahead. And yes, Bitcoin is currently trading near 77.85K. Further upward movement and extreme momentum are expected.