Matrixport: Global Money Supply Indicators Regain Market Attention, the Coming Week Will Be Critical for Validating This Signal

According to Jinse Finance, Matrixport’s daily analysis states, “Recently, global money supply indicators have once again become a focal point in the market. Last week, this indicator signaled a slight pullback in Bitcoin ahead of time, attracting significant attention from traders. Historically, liquidity-based market indicators have proven more accurate in predicting Bitcoin prices. However, as this indicator garners widespread attention, its signals are often amplified by market sentiment, which can have a tangible short-term impact on price movements. Therefore, the coming week will be a critical period to validate the effectiveness of this signal. As long as this market belief persists, it may translate into real buying momentum, further influencing trading direction. Although the long-term correlation between this indicator and Bitcoin prices is not stable, like most trading tools, as long as it remains profitable, it retains a certain reference value.”