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Layah Heilpern, owner and host of The Layah Heilpern Show, argues that Bitcoin's price is driven by liquidity rather than fear or sentiment.
She explains that with oil prices above $100, the U.S. Federal Reserve is unlikely to cut rates, resulting in no new money entering the market. Without increased liquidity, Bitcoin's price cannot rise simply on positive sentiment. Heilpern advises monitoring liquidity instead of sentiment to better understand Bitcoin's market movements.
Heilpern previously warned that markets may be overly optimistic about rapid Federal Reserve rate cuts after oil climbed to $105 and consumer inflation hit 3.7%, according to a recent article. In a separate post, she voiced skepticism about Wall Street predictions that the crypto bear market had ended, noting Bitcoin's struggle to hold the 80,000 level in previous coverage. Both articles highlight her cautious outlook on market drivers and expectations.