Matrixport released today's chart saying that fluctuations in global liquidity may put some pressure on bitcoin. Historical data show that liquidity changes usually lead bitcoin price movements by about 13 weeks. With the strengthening of the dollar after Trump's re-election, global liquidity denominated in US dollars has begun to tighten, suggesting that bitcoin may enter a consolidation stage in the near future. However, this consolidation is expected to be temporary. Risk assets in general, and bitcoin in particular, continue to show positive long-term potential. Nonetheless, traders should exercise greater caution in a weaker liquidity environment, as these indicators have historically proven to be reliable market bellwethers.