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What if bitcoin:native is signaling the next bull market before the liquidity data catches up? “Liquidity drives Bitcoin, but there are clearly feedback effects.” “Bitcoin could be saying... we're entering now the early stages of what will turn out to be... another two to three year bull market.” Michael Howell of @crossbordercap argues that Bitcoin's recent stability could be an early signal of a turning liquidity cycle, potentially pointing to another 2–3 years of upside.

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