10x Research: Global liquidity trends over the past 12 months appear to be leading Bitcoin trends by about 10 weeks, and the two are correlated

10x Research noted in its market analysis that an interesting pattern has emerged over the past 12 months, with global liquidity trends appearing to lead Bitcoin's movements by about 10 weeks. This relationship appears to have successfully predicted Bitcoin's rally in the first quarter, six months of consolidation, and subsequent rebound in October and November, before a stronger dollar led to a drop in global liquidity. This forward-looking time series suggests that Bitcoin may be approaching a peak. While this possibility cannot be ruled out, it is important to recognize that the long-term reliability of this relationship is limited (for day-to-day forecasts). However, in the short term, its correlation with Bitcoin's movements is clear.