The analysis assesses Bitcoin's directional alignment with global liquidity, noting an 83% correlation. It compares this relationship with assets like the S&P 500 and Gold. The analysis uses a Global M2 Money Supply chart, suggesting Bitcoin's price movement lags behind liquidity by 12 weeks. It notes instances where low speculator exposure preceded significant price rallies. The prediction made is for BTCUSDT to target $170,000 by October 2025, provided the correlation between liquidity and Bitcoin holds. An inferred invalidation level is set at around $110,000, based on the bullish trend, 10% below current price.