BlockBeats News, June 25th, Matrixport released a daily analysis stating, "Recently, the global money supply indicator has once again become the focus of the market. This indicator had previously caught the signal of a slight Bitcoin pullback early last week, attracting a lot of traders' attention. Although historically, liquidity-based indicators have been more accurate in predicting Bitcoin's price, due to the widespread market attention to this indicator, its signals often tend to be emotionally amplified, thus having a tangible short-term impact on price trends. Therefore, the next week will be a key milestone to validate the effectiveness of this signal."
"As long as this market belief continues to exist, it may translate into actual buying momentum, further affecting the market's trading direction. Although in the long run, the correlation between this indicator and Bitcoin's price is not stable, like most trading tools, as long as it remains profitable, it holds some reference value."
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