Prediction evidence

Noelle Acheson on why $BTC held its Bessent buyback rally despite weaker liquidity indicators "Yeah. I mean, you look in the rearview mirror, it's like it's over. It's so over, right? But as we all know, you don't drive along the highway by looking in the rearview mirror." "The fact that we had that candle back in August says a lot about why we are where we are today. That candle happened on the day that US Treasury Secretary Scott Bessent announced the surprise buybacks of longer-term debt. It zoomed up and it didn't come down, which is quite uncommon after you get that kind of a slope." "It went along just under $80,000 for a while. Then it zoomed up again, and it's continued to edge up since then, today's slight pullback notwithstanding." "That says a lot about why the liquidity indicators are not bringing Bitcoin lower. We're looking beyond the squeeze. We're looking beyond the potential tightening of the market, the potential break, should we say, of the current equilibrium. We're looking beyond that." "We saw that in the reaction to what was the first sign of official intervention. It was tiny, certainly compared to what's coming. But it was the first sign."