Global liquidity plays a crucial role in determining Bitcoin’s performance and trends across other risk assets. The impact of expanding global liquidity is expected to continue until 2026, influencing market dynamics and investor behavior. 65-month cycles of liquidity expansion are observed on average, shaping the movement of capital in equities, bonds, and cryptocurrencies. 2023 witnessed a significant increase in liquidity following the UK Gilt crisis and the SVB crisis, as central banks intervened to stabilize markets and maintain risk-based asset growth. Bitcoin has historically been particularly vulnerable to changes in global liquidity, with future market performance likely favored by expansion until early 2026.