Bitcoin vs Global Liquidity
• 2017: $BTC surges 20x alongside rising global M2
• 2020–21: Fed injects liquidity → BTC hits $69K
• 2023–25: Global M2 hits $107T → BTC reaches $112K ATH
Liquidity expansion fuels capital flow into risk assets → $BTC rallies.
10-year correlation between Bitcoin and global liquidity? 0.94 — higher than with gold or equities.
Important: Liquidity impacts BTC with an 8–10 week lag.
If M2 is climbing now, Q3 could be the setup.
