The bitcoin price has been chopping sideways for months, but liquidity data that has tracked this cycle almost perfectly is hinting that could soon change. Global M2, stablecoin supply, and Gold correlations all suggest BTC is building pressure for its next breakout.

Global M2 and the Bitcoin Price

The global M2 money supply has historically shown a strong link with Bitcoin cycles. Expansion tends to coincide with bull markets, while contraction or stagnation has lined up with periods of chop and downside. Over the past few months, Global M2 growth has slowed, and BTC has mirrored that with stagnant price action after hitting an all-time high near $124,000. When Global M2 accelerates…

Read more on BitcoinMagazine