According to @rovercrc, ETH will follow global liquidity, highlighting macro liquidity as a key driver to monitor for ETH price trends and risk management, source: X post by @rovercrc dated Oct 10, 2025. For actionable tracking, monitor four core liquidity gauges that update regularly: Federal Reserve H.4.1 balance sheet factors affecting reserve balances, European Central Bank consolidated weekly financial statement, Bank of Japan balance sheet statistics, and BIS Global Liquidity Indicators for cross-border credit, source: Board of Governors of the Federal Reserve System H.4.1 release; European Central Bank weekly financial statement; Bank of Japan Statistics; Bank for International Settlements Global Liquidity Indicators. As tactical proxies that inform dollar conditions and real rates used by macro traders in crypto workflows, follow the ICE U.S. Dollar Index DXY and U.S. Treasury 10-year TIPS real yields for execution timing and sizing inputs, source: Intercontinental Exchange DXY index materials and levels; U.S. Department of the Treasury real yield curve rates.

According to @rovercrc, the global money supply is breaking out toward all time highs and he views this as extremely bullish for Bitcoin (BTC) and the wider crypto market; source: https://twitter.com/rovercrc/status/1960040226727858522 Expansions in global liquidity have historically coincided with stronger performance in risk assets, as documented by the BIS Global Liquidity Indicators, which traders use to gauge cross border credit and money conditions; source: https://www.bis.org/statistics/gli.htm For trading, a sustained uptrend in global money supply and central bank liquidity supports a risk on backdrop for BTC, aligning with institutional research that links bitcoin returns to liquidity and real yields; source: https://www.fidelitydigitalassets.com/research Actionable takeaway: monitor global M2 and BIS liquidity indicators for confirmation of a pro liquidity regime before sizing BTC and large cap crypto exposure; source: https://www.bis.org/statistics/gli.htm