PRO INSIGHT OF THE WEEK 🔮

So, ICYMI…

The godfather of global liquidity, Michael Howell, expects liquidity (aka: the amount of money sloshing around the global financial market) to peak in Q1 of this year.

With that in mind, one of our PRO All Access members posed this question:

“Given that historically Bitcoin has been closely linked to global liquidity, and it often enters a bear market before liquidity actually peaks, I’m concerned that even if the broader business cycle improves in 2026, as Tomas has suggested in his newsletters, we may already be in a longer-term bear market.”

To which our resident macro big-brain, Tomas (previously mentioned) said this:

“I believe Michael's theory is derived from his famous ‘liquidity waves’ chart.”

“I'll just say I have no idea how this was created - I've tried to recreate it and haven't come anywhere close.”

BUT!

“Crypto can demonstrably perform well when Howell's mysterious liquidity wave is falling.”

“The same liquidity chart was plunging throughout the whole of 2017 (which was the biggest and stupidest crypto mania of all time).”

Phew! Ok, nerves: calmed.