Does global liquidity just happen to match up well to the 4 year halving cycles? It’s pretty wild that the halving and liquidity coincide like this, and that it’s easy to see a scenario where in the second half of 2024 and into 2025 sees another big spike up in liquidity.
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Liquidity cycles have averaged around 3 years.
After some halvings, bitcoin price shot right up, and in others it was a slower build up. A lot of that is about how closely the liquidity cycles lines up with the halvings.