$BTC as a lagging indicator of liquidity
The chart shows a clear and repeating pattern: the global M2 money supply (green line) starts to grow — and only about 10 weeks later does the price of BTC (blue line) catch up.
This is important. Because it shows: $BTC is not a “leading” asset, but a “reactive” one in the context of global liquidity. It does not predict, but follows the money that has already begun to circulate in the system. That’s it, gentlemen.
