78% of Factors in BTC's Favor! (Patreon)

“Decomposition of Systematic Influences on $BTC” breaks down the key drivers behind Bitcoin’s price — and how much each contributes.

Here’s the snapshot:

• Global Liquidity: 40.7% — Up 9% YTD

• Gold Price: 25.9% — Best year in 15+ years

• Investor Risk Appetite: 22.2% — Weak right now

• Gold/BTC Ratio: 11.1% — Also trending in our favor

These four factors add up to 100% — and 78% of them are working in Bitcoin’s favor right now.

H/T Sanjay for the chart