This is an interesting observation...

Bitcoin tends to follow global liquidity.

Another way of say that is bitcoin follows the global money supply.

As the money supply goes up the price of bitcoin goes up.

The only caveat is that there seems to be about a 3 month lag.

Check it out:

(Source: https://x.com/zerohedge/status/1894479318325043604/photo/1)

If this is to be believed, we have probably bottomed here on bitcoin and should start heading up again.

I suspect it will play just like that.