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by nerdben 458 days ago
This paper discusses whether Bitcoin is entering a right- or left-translated cycle as of early March 2025. We argue based on six key macro and market indicators: M2 Global, Core PCE, NASDAQ Composite, ETF Net Flows, Unemployment Rate, and Fed Funds Rate. Both, right-translated (bullish scenario) and left-translated (bearish scenario) cases are considered, alongside key market implications.