Baba_Yaga

Quamfy Baba_Yaga to 🪐🚀🚀🚀

[Julien Bittel, CFA @BittelJulien]

I posted this earlier in the week on @RealVision, but thought it was worth sharing here as well, just to give everyone something to think about.

If you step back and look at the data, something interesting is happening in markets right now…

When you line up liquidity with equities, you get this (chart 1).

And then compare that with the same liquidity measure versus Bitcoin (chart 2), a simple truth emerges:

Both cannot be right...

Either equities are fundamentally mispricing liquidity despite trading near record highs, or Bitcoin is correctly signaling that the liquidity cycle has already peaked and that risk assets are about to roll over. Only one of these outcomes can ultimately be correct.

Now let’s separate data from opinion for a moment...

The data is clear:

Global liquidity has not yet peaked.

Now to my subjective view…

I think Bitcoin remains the outlier here, and that the events around 10/10 temporarily distorted price discovery, for reasons I’ve discussed at length previously. 

Equities, credit, and broader risk assets are behaving exactly as you would expect in a rising liquidity regime. They’re hovering near all-time highs...

Bitcoin, by contrast, is pricing a liquidity peak that the data simply does not support at this stage.

At some point you have to step back and ask:

Is it more likely that one asset is right, or that every other BTC-correlated risk asset is wrong (chart 3)?

If you then layer in broader financial conditions, it stops being about opinion and becomes more about probabilities (chart 4).

What really stands out to me is the sheer magnitude of the “Excess Fear Gaps” that have opened up relative to the macro and liquidity fundamentals.

Right now, the weight of the evidence suggests liquidity is still rising and, in our view, will continue to rise, and that is what risk assets are reflecting.

That means Bitcoin is the anomaly.

What I’ve done here is present the data objectively and my view subjectively.

This is the battlefield for 2026.

The bull versus bear debate comes down to one thing and one thing only:

The direction of global liquidity...

[Baba_Yaga @BfSnooter]

https://t.co/WHSuzka1QW

[Finextra @Finextra]

Company announcement: HSBC enlists Oracle for digital transformation https://t.co/4HByfXwkw6 #fintech

[Do Kwon 🌕 @stablekwon]

The @terra_money dao is now buying entire markets.

Probably nothing.

[Baba_Yaga @BfSnooter]

Check out the next evolution of my @Levana_protocol #Levana #dragons #NFT! https://t.co/xJi8aPNj8Q

[Quant @quantnetwork]

"Working in concert, the @BIS_org, @SNB_BNS_en and Switzerland’s stock exchange, @sixgroup, have test-driven the integration of wholesale #CBDC settlement."

Find out more on @CoinDesk: https://t.co/O0y0JBgK2t

[Leds @Ledy1]

Retweet this if you think the bottom is in and you've stacked all your $QNT.

[Max Bosenko @MaxTheComrade]

$QNT The community’s support has been overwhelming so we decided to keep the show going! Detailed overview of Quant Network Part 2 is coming to you live on Twitter Spaces on 1/17 at 3p ET! Speakers were on 🔥 last time! Did you miss it? Check this! 👇

[Cryptrus @cryptrus]

@VitalikButerin Like for $LUNA

[Real Crypto Eugene @RCEugene]

$QNT

EUGENE’S OPULENT GIVEAWAY!

TWEETING FROM THE CORINTHIA
SPA IN LONDON, I AM SUPER
BULLISH FOR $QNT GOING
INTO 2022!

I will give One person 5 $QNT
Currently worth $900 DOLLARS!

That;
LIKES, RETWEETS & FOLLOWS ME!

Winner announced FRIDAY 14TH JAN

@NCashOfficial @QNTMami

[Dutch Alchemist @DutchAlchemist]

This is why $QNT will be the greatest play.

[WSB Trader Rocko 🚀🚀🚀 @traderrocko]

You can only retweet this if you bought $LUNA below $10 and held it to $100 🚀💎🤝

[Hathor Network @HathorNetwork]

We made it, Hathorians 🚀
The $HTR will be listed on @gate_io

[Anthony Pompliano 🌪 @APompliano]

Money is stored time. #bitcoin

[𝗗𝗥𝗘𝗔𝗗 𝗕𝗢𝗡𝗚𝗢 @DreadBong0]

It's simple..

Either you think we are entering a bear market and you should be securing your capital

Or

You think this is a shake out and should be buying dips or holding tight onto positions

Figure out which side of the fence you are on 👍

[𝗗𝗥𝗘𝗔𝗗 𝗕𝗢𝗡𝗚𝗢 @DreadBong0]

$QNT has not been this oversold on the daily since its capitulation to $1.39 in March 2020

It then pumped 31,000% to $430 🔥

[Kazi @TheCryptoKazi]

Guys please get @CryptozQuamfy to 2K followers, he’s bullying me and he needs it to flex to a girl that he has a crush on!

I’ll give everyone who follows 0.1 $QNT 💪🏼🔥

[WIZZ🥷 ( beware scammers ) @CryptoWizardd]

Shake out before we get the next round of pumps

#altseason