Bitcoin ‘Mid-Cycle Slowdown’ Looms as Analyst Willy Woo Cites Rising DXY, Flawed M2 Data
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- Analyst Willy Woo warns that Bitcoin’s momentum is in a “mid-cycle slowdown,” evidenced by a weakening MACD.
- He argues the rising U.S. Dollar Index (DXY) is the true gauge of liquidity, signaling a global “shift to safety” that is pressuring risk assets.
- Woo dismisses Global M2 as a “flawed” metric, as it’s distorted by foreign currencies (83%) and housing credit (30-50%).
Bitcoin’s long-term momentum is showing signs of a mid-cycle slowdown. This, according to analyst Willy Woo, is a direct reflection of a strengthening U.S. Dollar Index (DXY). Woo argues that as the DXY rises, it signals a global “shift to safety” that is now pressuring risk assets.
Woo: DXY, Not M2, Is the True Liquidity Gauge
Willy Woo described the DXY as a more practical gauge for investor sentiment than Global M2. He noted that a stronger U.S. dollar, while declining in long-term purcha…
Read The Full Article Bitcoin ‘Mid-Cycle Slowdown’ Looms as Analyst Willy Woo Cites Rising DXY, Flawed M2 Data On Coin Edition.
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Bitcoin ‘Mid-Cycle Slowdown’ Looms as Analyst Willy Woo Cites Rising DXY, Flawed M2 Data
Share:
- Analyst Willy Woo warns that Bitcoin’s momentum is in a “mid-cycle slowdown,” evidenced by a weakening MACD.
- He argues the rising U.S. Dollar Index (DXY) is the true gauge of liquidity, signaling a global “shift to safety” that is pressuring risk assets.
- Woo dismisses Global M2 as a “flawed” metric, as it’s distorted by foreign currencies (83%) and housing credit (30-50%).
Bitcoin’s long-term momentum is showing signs of a mid-cycle slowdown. This, according to analyst Willy Woo, is a direct reflection of a strengthening U.S. Dollar Index (DXY). Woo argues that as the DXY rises, it signals a global “shift to safety” that is now pressuring risk assets.
Woo: DXY, Not M2, Is the True Liquidity Gauge
Willy Woo described the DXY as a more practical gauge for investor sentiment than Global M2. He noted that a stronger U.S. dollar, while declining in long-term purcha…
Read The Full Article Bitcoin ‘Mid-Cycle Slowdown’ Looms as Analyst Willy Woo Cites Rising DXY, Flawed M2 Data On Coin Edition.
In This News
Share:
In This News
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Read More
Bitcoin snaps back near $69,000 but analysts warn the market may not be out of the woods yet