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169 sats \ 0 replies \ @grayruby 24 Jun \ parent \ on: Is the Bitcoin Price Drop a Sign of a Liquidity Crunch on the Horizon? bitcoin
It could be a confluence of things. I do think Bitcoin does tend to lead the stock market by a few months. Rightly or wrongly, it is a great proxy for global liquidity and risk sentiment.
That being said I think the surprise ETH etf approval and now the surprise timing of the Mt Gox distributions (was supposed to be October) plus the fed being a bit more hawkish than expected last meeting has more to do with the pullback, at very least the recent segment of it.