This report is longer than our usual publications, but it tackles many of the key questions surrounding our current outlook. We recommend reading Part 2 below and also reading Part 1 (published yesterday) for the full picture.
👇15-27) Our recent bullish Bitcoin reports—highlighting historically strong performance following negative funding rates and positive signals from the 13-week change in global liquidity—are based on medium- to longer-term indicators (3 months), which remain valid despite short-term uncertainties, such as tariff risks. Bitcoin peaked when (Michigan) 1-year inflation expectations traded above 3.0% for two consecutive readings.
Bitcoin (LHS) vs. 1yr Inflation Expectations (RHS)
