Why Everything Feels Like 2020 in #crypto & Macro
Macro Liquidity Environment
Back in 2020, global central banks injected massive liquidity during the pandemic.
Today, we see a similar easing sentiment in some markets, with hints that central banks might pivot or pause hikes. Liquidity cycles heavily influence risk assets like crypto.
Bitcoin & Crypto Accumulation Phases
In 2020, BTC was bottoming and accumulating around $3–$4k before the 2020–21 bull run.
Current Bitcoin price action shows consolidation and sideways accumulation, a typical “quiet before the storm” pattern.
Retail FOMO vs Institutional Entry
In 2020, retail was quiet, and smart money quietly accumulated.
Right now, early indicators suggest institutional players are quietly re-entering, while retail is cautiously watching, similar to the early 2020 sentiment.
Macro Sentiment Alignment
Stocks were rebounding after the COVID crash in 2020.
Today, broader markets are showing similar bottoming and rotation patterns, especially in tech and risk-on assets, which historically drives crypto momentum.
On-Chain Indicators
Active addresses, exchange inflows, and BTC hodling patterns in 2026 resemble the quiet accumulation phase of 2020.
Historically, these periods precede strong upward trends once catalysts hit.
