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…

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Telegram founder and CEO Pavel Durov has revealed that Bitcoin has been the backbone of his personal wealth since 2013. Speaking on Lex Fridman’s podcast, the tech entrepreneur shared that he bought thousands of BTC at around $700 each, investing millions despite skepticism. Even when Bitcoin crashed below $200, Durov said he never considered selling, insisting, “I believe in this thing. This is the way money should work.”

Durov emphasized that Bitcoin, not Telegram, has funded his lifestyle. He dismissed claims that his wealth comes from the messaging platform, calling Telegram a “money-losing operation.” Instead, he credited crypto for allowing him to remain independent, stressing Bitcoin’s unique strength: it cannot be censored or confiscated. Looking ahead, he boldly predicted Bitcoin could reach $1 million as governments continue “printing money like no tomorrow.”

The entrepreneur also discussed Telegram’s blockchain project, TON. Despite regulatory hurdles in the U.S., TON has grown into a thriving network, now ranking among the top blockchains in daily NFT trading volumes.

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Once a struggling hospitality company, Metaplanet (TSE: 3350, OTC: MTPLF) has reinvented itself into what it now calls Asia’s Bitcoin rocketship. With its latest purchase, the Bitcoin For Corporations member has become the 4th largest publicly-traded Bitcoin treasury company in the world, positioning Japan at the center of the corporate Bitcoin movement.

The Treasury Engine: 30,823 BTC and Counting

On October 1, Metaplanet acquired 5,268 BTC for approximately $615.67 million at an average price of $116,870 per bitcoin. This brings its total to 30,823 BTC, worth $3.33 billion at cost with an average entry of $107,912 per BTC.

Year-to-date, the company has generated a BTC Yield of…

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BlackRock’s iShares Bitcoin Trust (IBIT) has officially become the biggest bitcoin options venue, surpassing Deribit. This is a big deal for the world of bitcoin derivatives, as Wall Street’s influence is now clearly extending into an area that was once the domain of offshore exchanges.

According to Bloomberg, open interest in options on IBIT hit nearly $38 billion after the last contract expiry. Deribit was at about $32 billion.

That’s a huge jump, considering IBIT only launched options trading in November 2024 and Deribit has been the go-to exchange for bitcoin derivatives since 2016.

IBIT’s growth has been historic. By mid-2024, the ETF had already reached $70…

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Japanese bitcoin treasury firm Metaplanet has boosted its holdings with the acquisition of 5,268 BTC worth 91.6 billion yen ($623 million). The purchase, made at an average price of 17.4 million yen ($118,328) per coin, raises the company’s total bitcoin stash to 30,823 BTC.

CEO Simon Gerovich revealed on X that this move places Metaplanet as the world’s fourth-largest publicly traded bitcoin treasury company, trailing only Strategy, MARA Holdings, and XXI. The latest buy follows a $632 million purchase on Sept. 21, which remains the company’s biggest bitcoin acquisition to date.

Financially, Metaplanet reported Q3 revenue of 2.438 billion yen ($16.5 million), marking a 115.7% jump from Q2. The firm is also advancing its bitcoin-focused strategy by raising $1.4 billion through 385 million new shares and establishing a U.S. subsidiary, Metaplanet Income Corp., aimed at expanding “bitcoin income generation” through derivatives and related activities.

As highlighted in last week’s analysis, bitcoin had a big drop last Sunday night, down to $111,800. The price then bounced back to retest the $113,800 resistance level and the 21-day EMA at $114,000, but was rejected there, falling back down to the $111,300 support level. This level produced another bounce for the bulls back to the 21-day EMA, but was denied access again above the $113,800 resistance level, dumping down just below the weekly support at $109,500 on Thursday. Price rallied from that Thursday low to close the week out at $112,225.

Key Support and Resistance Levels Now

Since the price closed above the 21-week EMA at $109,500 to finish the week, the bulls will look for…

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Michael Saylor has never shied away from grand visions, but his latest roadmap Strategy’s Bitcoin strategy may be his boldest yet.

In a wide-ranging conversation with Bitcoin Magazine, the Strategy co-founder sketched out an “endgame” where his firm builds a trillion-dollar bitcoin balance sheet — and then uses that capital base to help reinvent the global credit system.

“I think the endgame is we accumulate a trillion dollars worth of bitcoin and then we grow it 20, 30% a year,” Saylor told Bitcoin for Corporations Managing Director George Mekhail. “The endgame is get to a trillion dollars of collateral growing 30% a year” 

At the core of Saylor’s…

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