Key Indicator Signals Crypto Rally Isn’t Over

Jamie Coutts, a leading digital asset strategist at Real Vision, believes that the crypto market’s bullish momentum is far from reaching its peak.

He points to a key indicator—global money supply (M2)—which has historically aligned with crypto price trends, suggesting further rallies ahead.

Sharing his insights with followers on X, Coutts explains that rising liquidity fuels asset growth, while increased blockchain activity supports valuation.

By comparing global liquidity levels with active crypto addresses, he emphasizes that crypto serves as both a high-risk liquidity asset and a long-term growth opportunity.

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His analysis indicates that global liquidity is on an upward trajectory, nearing last year’s peak. A weaker dollar and potential central bank interventions could further push it higher, reinforcing bullish conditions.

Additionally, Coutts predicts that more governments will increase their Bitcoin holdings in 2024. He highlights that sovereign wealth funds, especially in countries with domestic Bitcoin mining operations, have likely been quietly accumulating BTC for over a year— a trend he expects to accelerate.

Alexander Stefanov