➡️ Our Global M2 proxy continues to point to supportive liquidity dynamics for risk assets in the weeks ahead.
➡️ The link between our Global M2 proxy and the Bitcoin continues to hold remarkably well and to point to still more short-term upside potential for the BTC. ➡️ Interestingly, our Global M2 proxy suggests a pause in the upward trend for Equities and Bitcoin in the second half of June (taking into account the 10-week lag). But the recent resuming of the M2 upward trend, if extended, would point to a resuming of positive market dynamic for July. NB: This is NOT an investment recommendation. Liquidity is one among the numerous indicators that need to be considered Source: Syz Research
According to the aggregate strategic asset allocation of family offices published in the latest UBS Global Family Office Report, gold is NOT a crowded trade, far from it...
I don't see an allocation to bitcoin either by the way. file:///C:/Users/cmonchau/Downloads/global-family-office-report-desktop2025.pdf
Bitcoin technicals by J-C Parets
Satoshi Nakamoto passes Nvidia CEO Jensen Huang to become the 11th richest person in the world.
Bitcoin $BTC on track for its first Golden Cross since October.
Source: Barchart
Bitcoin just surpassed Taiwan Dollar to become the 8th largest currency in the world
Source: Vivek
Bitcoin is testing key resistance level
Will it break through the glass ceiling? $BTC Source: Trend Spider
#bitcoin
How it started... and how it is going
Weekly liquidity update (by our Chief Economist Adrien Pichoud)
➡️ Global M2 proxy flat again this week, still supportive for equities and bitcoin over the short-term ➡️ The S&P500 has been “catching up” our global M2 proxy. Our Global M2 proxy continues to point to supportive liquidity dynamics for risk assets in the weeks ahead. ➡️ The link between our Global M2 proxy and the Bitcoin continues to hold remarkably well and to point to more upside potential for the BTC. NB: These are NOT investment recommendations. A broad range of factors need to be taken into account before taking any investment decisions
