Hupzy (Spot On Chain)|Oct 03, 2026 21:28
US and China combined M2 money supply surged +$7.9T YoY in August to a record $76.4T, with both countries at all-time highs. The pace has now exceeded +$7T YoY for 8 consecutive months โ more than double the pre-pandemic average.
Global liquidity expansion is one of the most reliable cross-asset signals: more money supply chasing a fixed-supply asset like BTC historically drives risk-on flows. The current rate of liquidity creation far exceeds anything seen before 2020.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Record global liquidity at ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐ฑ๐ผ๐๐ฏ๐น๐ฒ the pre-pandemic pace is a structural tailwind for BTC and risk assets. The 8-month streak of +$7T+ YoY growth signals ๐๐๐๐๐ฎ๐ถ๐ป๐ฒ๐ฑ, ๐ป๐ผ๐ ๐๐ฟ๐ฎ๐ป๐๐ถ๐๐ผ๐ฟ๐ expansion. For traders, this is a macro-level bullish backdrop that supports long exposure on any near-term dips โ though rising Treasury yields create a competing headwind via the discount rate channel.
source: KobeissiLetter
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