The global M2 money supply is telling an interesting story ❣️
During 3 recent major bearish market cycles 🐻 (bear markets) of Bitcoin, the time when the growth rate of global M2 (year over year) fell into negative territory coincided exactly with the BTC price bottom:
2015
2018–2019 period
2022
In each of those instances, Bitcoin was already near the cycle bottom when global liquidity growth momentum hit its lowest point.
However, the current situation is very different. The growth rate of global M2 is still firmly positive, around 8.4%, while Bitcoin is trading near the 80k mark 💵
If history repeats itself in a similar pattern, then this is an important macro divergence
⚠️ Information is for reference only, not investment advice
#bitcoin #btc $BTC
During 3 recent major bearish market cycles 🐻 (bear markets) of Bitcoin, the time when the growth rate of global M2 (year over year) fell into negative territory coincided exactly with the BTC price bottom:
2015
2018–2019 period
2022
In each of those instances, Bitcoin was already near the cycle bottom when global liquidity growth momentum hit its lowest point.
However, the current situation is very different. The growth rate of global M2 is still firmly positive, around 8.4%, while Bitcoin is trading near the 80k mark 💵
If history repeats itself in a similar pattern, then this is an important macro divergence
⚠️ Information is for reference only, not investment advice
#bitcoin #btc $BTC
