It’s The Liquidity, Stupid – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Yesterday, the Nasdaq hit a record high, with the index up 67.5% since the start of 2020, and up a whopping 147% from the March 2020 bottom.

Casual onlookers may question what has made companies inside the index 67.5% more valuable over the last 18 months, or what has caused the mass belief in “stocks only go up!”

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