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Why Bitcoin Rallied 11% on Wednesday

The Breakdown

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Is Global Liquidity Already Bottoming Out?

Citibank estimates that overall, around 1 trillion in liquidity has been injected by worldwide central banks in recent months. If global liquidity truly bottomed out in November of 2022, it ought to be massive news for asset allocation. Bitcoin is one of the most sensitive liquidity plays right now with a 70% drawdown last year and no cash flows to discount.

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