Raoul Pal Says Global Liquidity Influences Bitcoin Price

Macro investor Raoul Pal recently pointed out that global liquidity levels more influence the Bitcoin (BTC) price than by political events. In a post on X , Paul shared an analysis showing that changes in global liquidity determine the coin’s movement. He noted that despite rising tensions between Israel and Iran, Bitcoin’s price has not reacted much. Raoul Pal Says Liquidity Moves BTC, Not News Raoul Pal shared a chart showing that 89% of Bitcoin’s price moves over the past three years match changes in the global M2 money supply, which measures the amount of money in global circulation. He says this link has held steady through wars, elections, and interest rate changes. The chart suggests that when more money flows into the global economy, Bitcoin tends to rise. When money is tight, Bitcoin often falls. This analysis is poised to give investors a clearer view of Bitcoin’s long-term trend . Pal argues that while short-term events like oil prices or political news can cause small swings, they do not mainly influence the asset’s price. In his view, Bitcoin mostly follows global liquidity, not headlines. Middle East Conflict and Oil Prices Fail to Impact BTC Recent reports revealed that Israel carried out strikes on Iran’s energy infrastructure, including attacks on the South Pars gas field. The incident led to a fire outbreak and raised fears of possible disruptions to the global energy supply. As a result, oil prices jumped, with analysts at Alva reporting that oil futures rose by more than 7% in just a few hours. Additionally, the Kobeissi Letter reported that traders expect further price increases in the oil market by Monday. Some experts also warned about risks to key shipping routes if the situation worsens. Despite these developments, Bitcoin’s price moved only 0.02%. This minor change supports Pal’s view that such events, unless they impact the global money supply, do not have a lasting effect on BTC’s direction. Bitcoin Holds Ground Amid Market Instability Bitcoin’s climb toward a new high was cut short after reports of Israeli airstrikes on Tehran, causing panic across global markets. BTC fell 2.8%, dropping from $106,042 to a low of $103,053. This sharp decline brought it near the key $100,000 level and triggered widespread liquidations. It has since recovered slightly to around $104,787, down just 0.34% in the last 24 hours, according to CoinMarketCap data. Despite the volatility, Bitcoin remains steady and shows resilience amid global uncertainty. The post Raoul Pal Says Global Liquidity Influences Bitcoin Price appeared first on TheCoinrise.com .

Source: The Coin Rise