Bitcoin is on an exponential structural tech/adoption trend, but the cyclical direction of that trend is highly correlated with global liquidity.

Would be more useful if both were on the same scale (log) or standardized scores for a single y-axis

Correlation doesn't mean 1:1 linear relation. An observation can be "everytime that A goes up, B follows" and vice versa - even if scales are completely different. Correlation also doesn't mean causation. It's an observation that Lyn presents here.

Aren't you thinking a bit too much. Why not accept things the way they are it's the best for you.