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The momentum is quietly building.
US Liquidity is making new local highs since it double bottomed in November.
US Liquidity is now the highest it has been since the Bitcoin top last year.
And both the US Liquidity chart, and the Bitcoin chart, are moving in lock step with how they did in 2019/2020.
I'm not saying that US Liquidity is going to increase the same way it did in 2020.
But it is not going to stop increasing from here.