[Delphi Digital: Bitcoin Should Benefit from Improved Global Liquidity in 2026] Delphi Digital released its 2026 market outlook report, highlighting that the global macro environment is converging, with major central banks shifting toward interest rate cuts and fiscal deficits driving increased liquidity demand. As the Federal Reserve's quantitative tightening nears its end and the People's Bank of China ramps up support, global liquidity is expected to improve in 2026. The report notes that while the scale of liquidity may not match that of 2020, the pace of easing will be more predictable. Given that global M2 and gold prices have reached record highs, and historically gold and liquidity indicators tend to lead Bitcoin, assets like Bitcoin are expected to benefit.