We previously discussed the correlation between M2 and cryptocurrencies. I remember the last time we talked about it was in mid-March, and shortly after, the price of $BTC dropped to a short-term low of $74,000, while at that time, when M2 reached a new high, Bitcoin was around $81,000. Importantly, M2 does not represent an increase in liquidity; it merely reflects the growth of global bank reserves, making it difficult to equate directly with risk markets.

Moreover, we have also seen that the recent rise is not primarily due to a rebound in liquidity. At least from the trading volume, it is clear that there has not been a significant increase in volume. The rise is more event-driven; if it weren't for Trump's recent tariff antics, we might not be in this situation at all.

If it weren't for the absence of an economic recession and the 90-day suspension of tariffs, we might still be oscillating around $80,000. So, fundamentally, it is not about what M2 will do, but rather how much liquidity in the market can drive Bitcoin up or down when there are event-driven factors.

Of course, what I say may not be correct; it depends on how everyone interprets it. I think @TJ_Research01's point is very reasonable. It is possible to seek a sword on a boat, but one cannot rely entirely on that.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

https://x.com/Phyrex_Ni/status/1901185644191510661

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。