Gate News reports that on March 8, Raoul Pal posted on X stating that global liquidity is the most important macro factor in history. Since 2012, its correlation with BTC has been 90%, and with NDX 97%, with an annual growth rate of about 10% and no signs of slowing down. He pointed out that the GMI financial condition leads global liquidity by about six months and remains accommodative; U.S. overall liquidity was suppressed during the shutdown but this indicator leads cryptocurrencies by about three months and has been accelerating upward from a low three months ago. He said the business cycle is accelerating, and the eSLR (a mechanism where banks boost liquidity through lending and absorbing government bond issuance) is also rising and will further accelerate. Tax refunds are entering bank balance sheets, increasing credit creation tendencies and thus boosting liquidity. He believes the U.S. will cut interest rates further, increasing disposable income and risk appetite; the CLARITY Act is expected to pass, driving capital inflows; last year, stablecoin issuance grew by 50% and is still accelerating, with trading volume reaching trillions of dollars; the U.S. government’s support for cryptocurrencies has reached an all-time high. He noted that most indicators show the crypto market is in the most oversold phase in history, with weekly DeMark indicators providing very solid support in two weeks, and daily DeMark indicators also stacking. He stated that the risk factor is the duration of high oil prices, with the next two weeks being critical, and he expects further upward movement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Faces Resistance Near $80K as Derivatives Data Shows $500M Liquidations in 24 Hours
According to derivatives data from Deribit and other sources, Bitcoin faced sustained resistance near $80,000 on April 29-30, with market sentiment shifting toward risk avoidance. Futures open interest (OI) declined 2% to $119 billion in 24 hours, while trading volume surged 26% to $208 billion,
GateNews14m ago
The U.S.-Iran situation sees renewed escalation: Brent crude oil breaks above $115, while Bitcoin falls below $76,000
A Middle East storm pushed Brent crude oil to $115 per barrel. Trump rejected Iran’s ceasefire request and plans to blockade the Strait of Hormuz. Bitcoin fell below $76,000—how will geopolitical risk impact the crypto market?
GateInstantTrends1h ago
On-Chain User Exits Bitcoin Long at $76,061, Faces $646K to $4.485M Loss
According to on-chain analyst Ai Yi, the user "Set 10 Major Goals" exited its Bitcoin long position today. The stop-loss level was approximately $76,061, compared to an entry price of $77,686.5. Depending on position size, the projected loss ranges from $646,000
GateNews2h ago
Spot Bitcoin ETFs Record $334.6M Inflows Overnight; Ethereum ETFs Add 23,039 ETH
According to aggregated flow data, U.S. spot Bitcoin ETFs recorded inflows of approximately 4,614 BTC, equivalent to $334.6 million, in the latest session. The inflows mark a notable rebound in institutional demand following mixed flows earlier in the week. Spot Ether ETFs absorbed around 23,039
GateNews2h ago
Dogecoin Breaks 72-Day Consolidation, Whale Losses Shrink to $89K as ETF Inflows Turn Positive
According to on-chain data, Dogecoin broke a 72-day consolidation on April 30, 2026, surging over 10% to $0.11. A prominent whale's unrealized losses narrowed sharply from $13 million to approximately $89,000 after the breakout, following a poorly-timed 10x leveraged long position on 40 million DOGE
GateNews3h ago
Ark Invest Buys $39.4M in Robinhood Shares, Sells $6.1M Bitcoin ETF on April 29
According to Ark Invest's April 29 trading report, the Cathie Wood-led investment firm bought $39.4 million worth of Robinhood Markets (HOOD) shares across its three ETFs on Wednesday, while offloading $6.1 million of its own Ark 21Shares Bitcoin ETF. Ark purchased 553,892 HOOD shares for its
GateNews3h ago
