The counterfeit index is updated, and the synchronization continues 😏

The K-line chart in the image represents the total market value of cryptocurrencies outside the TOP 10; the line chart represents the M2SL / DXY data delayed by 11 weeks.

M2SL is the M2 money supply data published by the Federal Reserve, measured in hundreds of millions of dollars. It measures the total amount of broad money circulating in an economy.

DXY (U.S. Dollar Index) is an index that measures the value of the dollar against a basket of six major international currencies (the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc).

M2SL / DXY is the ratio obtained by dividing the M2 money supply by the dollar index.

When M2SL / DXY rises, investors may expect the prices of risk assets to increase because liquidity is increasing and a weaker dollar lowers the cost of holding non-dollar assets.

When M2SL / DXY falls, it may indicate a tightening monetary environment, a stronger dollar, which may benefit dollar assets (such as U.S. Treasury bonds), but put pressure on assets like gold and cryptocurrencies.