---
title: >-
  Mark Yusko Says Bitcoin Has Entered Accumulation Phase as Global Liquidity
  Expands
url: >-
  https://www.cryptocatalyst.news/articles/2026-10-10-mark-yusko-says-bitcoin-has-entered-accumulation-phase-as-global-liquidity-expands
canonical: >-
  https://www.cryptocatalyst.news/articles/2026-10-10-mark-yusko-says-bitcoin-has-entered-accumulation-phase-as-global-liquidity-expands
date: '2026-10-10T17:45:29.438471+00:00'
category: bitcoin
tags:
  - bitcoin
  - mark-yusko
  - macroeconomics
  - market-analysis
  - liquidity
source: Coinage
source_url: 'https://www.youtube.com/watch?v=kZH_jQ3B708'
publisher: CryptoCatalyst
summary: >-
  Morgan Creek Capital Management CEO Mark Yusko believes Bitcoin has
  transitioned from distribution to accumulation, driven by rising global
  liquidity and institutional adoption. With the asset trading below estimated
  fair value, Yusko sees a durable path toward long-term gains.
image: >-
  https://www.cryptocatalyst.news/images/articles/2026-10-10-mark-yusko-says-bitcoin-has-entered-accumulation-phase-as-global-liquidity-expands.jpg
generated_by: automated editorial pipeline
---
# Mark Yusko Says Bitcoin Has Entered Accumulation Phase as Global Liquidity Expands

Morgan Creek Capital Management CEO Mark Yusko believes Bitcoin has transitioned from distribution to accumulation, driven by rising global liquidity and institutional adoption. With the asset trading below estimated fair value, Yusko sees a durable path toward long-term gains.

Bitcoin has officially shifted from a distribution phase into a structural accumulation pattern, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management. Speaking in a recent interview, Yusko pointed to key market indicators—such as higher lows, higher highs, and breaks above the 200-day and 50-week moving averages—as signals that buyers have returned. Despite hawkish interest rate headlines from the Federal Reserve, Yusko emphasized that underlying global macroeconomic data reveals expanding M2 money supply and easing conditions from central banks like China's, creating a favorable liquidity environment for hard assets.

According to Yusko, Bitcoin remains priced below its fundamental fair value, which network-driven valuation models place around $105,000. He noted that the recent drawdown was less severe than past 80%-plus crypto bear markets because systemic leverage was significantly lower. The rise of spot ETFs and institutional access has shifted the holder base toward high-net-worth individuals, family offices, and institutional investors with lower price sensitivity and longer time horizons. While institutional decision-making committees may slow the pace of rallies, Yusko believes this ownership transition drastically improves the durability of the current upward trend.

Looking at the broader economic picture, Yusko argued that mounting sovereign debt forces governments into currency devaluation, making scarce hard assets essential long-term holdings. While he cautions that Bitcoin will not move in a straight line to targets like $125,000 or $250,000, he asserts that seller exhaustion has passed and the structural foundation for the next bull phase is firmly in place.

## Source

This article is a summary of reporting by [Coinage](https://www.youtube.com/watch?v=kZH_jQ3B708), written by an automated editorial pipeline. See https://www.cryptocatalyst.news/editorial-policy.

## How to cite

CryptoCatalyst.news, "Mark Yusko Says Bitcoin Has Entered Accumulation Phase as Global Liquidity Expands", 2026-10-10, https://www.cryptocatalyst.news/articles/2026-10-10-mark-yusko-says-bitcoin-has-entered-accumulation-phase-as-global-liquidity-expands