Global Easing Hits 35-Year High—So Why Is Bitcoin Still Flat?

Global monetary policy has entered its most aggressive easing cycle in 35 years, with over 90% of central banks cutting or holding rates, resulting in 316 cumulative rate cuts between 2023 and early 2025, surpassing the 2008-2010 crisis levels. Historically, such liquidity expansion boosts asset prices, but Bitcoin has decoupled from this growth since mid-2025, trading sideways instead of rallying.

Analysts suggest Bitcoin typically lags global money supply increases by 60 to 70 days, implying a potential rally might not materialize until late 2025 or 2026. Furthermore, market watchers are focusing on a potential financial shock scenario centered around 2026, aligning with the Benner Cycle. This scenario involves converging stress points like US Treasury funding issues and Chinese credit leverage, which could trigger a systemic crisis followed by massive liquidity injections.

Bitcoin's current lag is viewed by some as a buying opportunity before the expected post-shock rally, which could see gold, commodities, and Bitcoin surge as real yields collapse, though factors like regulatory clarity and technical resistance may also be contributing to the current flatness.

(Source：BeInCrypto)