Bitcoin has reached $ 104,000 this week before adjusting $ 103,000 for $ 100,000. The action was heard that the US and Chinese officials would sit in Switzerland to talk about possible trade agreements. The market immediately responded. The optimism came back and Bitcoin rose accordingly. But the analysts are over the headline. Global liquidity is a real story.
Global M2 reaches $ 111 trillion
Julien Bittel, a macro researcher at Global Macro Investor, believes that the Global M2 currency supply is a great indicator of where Bitcoin is going. He presented a chart that showed a 12 -week delay between the increase in M2 and the highest encryption price. When M2 increases, Bitcoin is simply speaking after about three months.
Many people have requested the updated global M2 vs. bitcoin chart. Well, here …
And yes -still tell the same story.
We are higher… pic.twitter.com/kv7Qse9ign
-Julien Tiny, CFA (@Bittjulien) May 9, 2025
In early 2023 and early 2024, the Global M2 increased from $ 98 trillion to $ 108 trillion. Bitcoin came and finally broke more than $ 100,000. But in mid -2012, M2 stopped ascension for a certain period of time.
Bitcoin also dropped to less than $ 80,000 during that period. BitTel is called this range of integration. Today M2 is moving again, once again. $ 111 trillion has passed. If this trend continues, BTC can continue to increase to mid -2012.
“We are getting higher,” BitTel said.
Others think Bitcoin is the best dog
Not everyone agrees with the Bittel’s timeline. Analyst Benjamin Cohen questioned the idea that encryption assets were always behind liquidity. He pointed out that Bitcoin reached the highest before the M2 reached its peak in 2017 and 2021. It does not fit the theory of M2 leading the BTC by 12 weeks.
Cohen provided an alternative perspective. He thinks that Bitcoin can lead very well, and later changes in M2. In this case, we will tell us that the recent rise of coin may probably reduce global liquidity in a few months.
if #Bitcoin Do you lead liquidity rather than delay?
Many people show this chart, which offset global M2 by 3-4 months, and then BTC.
The problem is that in 2021, the M2 will go up for six months after the BTC ranks first. pic.twitter.com/GPKBW9JBOG
-Benjamin cowen (@intocryptovse) May 8, 2025
FTX collapse is still reverberated
Cohen also mentioned what happened in 2022 when Bitcoin was difficult. The falling M2 floor matched, but the FTX destruction made the fall longer. He argued that the price fluctuations of Bitcoin always do not comply with the same timeline as the M2. The same failure of exchanges as experienced can interfere with rhythm.
This point of view discovers different types of predictions. If the BTC is not a lead, the current rally can indicate the risk of horizontal lines, not elasticity.
PEXELS’s main image, TradingView chart
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