The global M2 supply decreased after reaching a new all-time high in the second quarter.
And guess what happened to BTC now?
After reaching $112,000, BTC is again below the previous all-time high.
The global M2 supply consolidated for a month before another all-time high, and it is very likely that $BTC will do the same.
A new all-time high and more than $120,000 in BTC in July.
