Howell: Bitcoin holding above $70K could shift liquidity outlook
- —Howell cited $70,000 as a trigger for review, not a confirmed support level
- —Base case: global liquidity bottoms in H2 2027
- —Bank reserves have been broadly flat in recent months
- —Howell sees a feedback loop between liquidity and bitcoin's price
Why it matters: The view that a liquidity turnaround may not arrive until 2027 tempers expectations for a swift bitcoin recovery.
Source: TokenPost