Research Note
Liquidity Cycles And Digital Assets
A recurring note framework for tracking global liquidity, dollar conditions, and their transmission into Bitcoin, Ethereum, and high-duration equities.
Question
How do global liquidity cycles transmit into digital assets, high-duration equities, and other long-duration risk assets?
The note focuses on the interaction between dollar liquidity, real rates, credit conditions, stablecoin growth, exchange liquidity, and trend confirmation.
Allocation Use
The output is not a prediction of short-term price direction. It is a regime lens for deciding when risk budgets should expand, contract, or stay concentrated in the highest-conviction assets.
What Would Change The View
A sustained tightening in dollar liquidity alongside rising real yields, fading stablecoin growth, and weaker market breadth would call for a more defensive reading.
This note is a public research framework, not investment advice or a recommendation to buy or sell any asset.