Global M2, central bank balance sheets, and net liquidity metrics.
Bitcoin doesn’t move in a vacuum.
Every major BTC bull run has coincided with expanding global liquidity. Every major correction has occurred during contraction.
The correlation has become almost mechanical.
The Global Liquidity Scorecard tracks Fed, ECB, BOJ, PBOC, and BOE balance sheets — minus the Treasury General Account and Reverse Repo facility — converted to USD.
One dashboard. The liquidity picture that actually drives crypto.