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Bitcoin’s Bullish Seasonality Muddled by Continued Slide in ‘USD Liquidity Index’

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Since 2021, major bitcoin price tops and bottoms have coincided with local peaks and troughs in the dollar liquidity index, as Arthur Hayes, co-founder and former CEO of crypto spot and derivatives exchange BitMEX, detailed in the Aug. 23 blog post while calling bitcoin, “a high powered measure of USD liquidity.”

Source: CoinDesk