According to online reports, Matrixport released a daily analysis saying,"Recently, global money supply indicators have once again become the focus of market attention. The indicator had caught a slight correction in Bitcoin in advance last week, thus attracting the attention of a large number of traders. Although historically, indicators based on market liquidity are more accurate in predicting bitcoin prices, because this indicator has received widespread attention from the market, its signals are often easily amplified by emotions, thus affecting price trends in the short term. Real impact. Therefore, the coming week will be a critical node to verify the effectiveness of this signal. As long as this market belief persists, it may turn into real buying momentum, further affecting the direction of market transactions. Although the correlation between this indicator and Bitcoin prices is unstable in the long run, like most trading instruments, it has certain reference value as long as it is still profitable."