Crypto Twitter debates catalysts endlessly: this upgrade, that ETF, some influencer’s thesis. Zoom out and the single biggest driver of broad market direction is boring: how much liquidity is sloshing through the global financial system and whether it’s expanding or draining.
When money is cheap and abundant, risk assets get bid and crypto gets bid hardest because it sits at the far end of the risk spectrum. When liquidity tightens, the same charts that looked like destiny start looking like distribution. The asset didn’t change; the tide did.
This is why local crypto news often fails to explain price. You can be right about a project and wrong about the market because you ignored the macro backdrop. Track the direction of liquidity conditions and you’ll misread far fewer moves as fundamental when they’re really just monetary.
Not financial advice.
