There is at least 9 months left of this bull cycle.

That is according to global liquidity.

If you want to understand the fundamental difference between where we currently are now, and where we were at the end of 2021...

This is an important chart to digest.

We have GLI(Global liquidity index) at the top, and the Russell 2000 at the bottom.

I like to view the Russell as a proxy for a hybrid of Bitcoin and Ethereum, together.

All three of the Russell, Bitcoin and Eth, are all highly sensitive to Global liquidity, and have been throughout every cycle.

So what are we looking at here?

We can see the following process:

1- GLI breaks out into new highs
2- Both times Russell lags & breaks out 231 days after
3- After Russell broke out, the top came 357 days later

Right now, Russell only broke 90 days ago.

When GLI breaks out, it typically lasts for an average of 550 days.

It only broke out 270 days ago.

And this is all following totally in line with the Global liquidity environment.

We have:
- US FED Net Liquidity bottomed(QE Lite underway + MBS purchases announced)
- China $350bn stimulus in motion
- Japan $860bn fiscal stimulus, largest ever

And that is not taking into account what happens with the US throughout the rest of this year, with a new FED chair etc.

Essentially, Russell, Bitcoin and Eth are vessels of liquidity.

They move as liquidity improves and moves up the risk curve...

And when that happens, it is not just a flash in the pan.

It lasts, as you can see here.

If you are still trying to convince yourself this is a bear market... force yourself to understand what I have said here.

Does this look like a macro or market top?

Or does it look like the start of full risk on for months to come?