$BTC vs Global Liquidity
• 2017: BTC 20x as M2 climbs
• 2021: Fed flood → $69K
• 2025: M2 $107T → BTC ATH $112K
10yr correlation: 0.94 (stronger than gold/stocks)
Liquidity lags ~8-10wks → Q3 = 🔥
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BTC
105,100
+0.52%
