In the financial markets, historical data often reveal the truth behind asset prices. Just as skiers analyze snowpack characteristics at different times by digging into the snow slopes, financial analysts need to understand the logic of price fluctuations through charts and historical events. Currently, Bitcoin, gold, and the Nasdaq index are showing very different trends amid dramatic changes in liquidity environments, reflecting deep shifts in capital flows and policy directions.
According to the latest data, Bitcoin is currently priced at $68.83K, at a low level for 2025. In stark contrast, gold and tech stocks remain resilient at high levels. This divergence is not accidental but stems from the complex evolution of US dollar liquidity. This article will delve into the interconnected relationship between the three major assets and liquidity cycles, and explain the inevitability of a reversal in dollar funding in 2026.
Liquidity indicators reveal the true nature of assets
Over the past year, Bitcoin, gold, and the Nasdaq index