Analysis: Monetary Supply Indicators Suggest Bitcoin Price May Rise Further

Chaincatcher2025/09/17 07:11

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According to ChainCatcher, Matrixport independent analyst Markus Thielen analyzed that since November 2023, the money supply indicator has been closely correlated with BTC price movements, reflecting the depreciation of the US dollar and market expectations for global liquidity expansion.

Although this correlation is more of a proxy indicator for market sentiment rather than a reliable driving factor, it still suggests that Bitcoin prices have further upside potential. However, historical data shows that this trend is cyclical. As the Federal Reserve is expected to cut interest rates, if Chairman Powell delivers a dovish signal and hints at further rate cuts, the US dollar may weaken, which will enhance market liquidity and support the rise in Bitcoin prices.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

华尔街见闻•2026/11/11 17:31