Raoul Pal Says 'Young, Volatile' Bitcoin Is Tracking Global Liquidity: 'Nothing Is Broken'
Reported by Yahoo Finance · finance.yahoo.com · July 28, 2026
Macro investor Raoul Pal said on Monday that Bitcoin (CRYPTO: BTC) and the Nasdaq Composite are primarily driven by “global liquidity” rather than the usual day-to-day narratives of earnings, news, or sentiment. ‘Bitcoin is Not Broken’ In an X post, Pal cited Bitcoin at 87% correlation to global liquidity and the Nasdaq Composite index at 97%.
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What to watch: This report cites a concrete figure (87%) — compare it against the trailing trend before treating one data point as a turning point.
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