Bitcoin (BTC) is currently in a state of equilibrium, neither significantly rising nor falling. Analysts at Negentropic suggest that the future direction of BTC price will largely depend on changes in global liquidity flows, specifically the M2 money supply. According to their analysis, sellers lack the momentum to drive prices down, while buyers are not actively pushing them up. The key catalyst for a potential shift in the market is expected to be an increase in the global money (M2) supply. Negentropic highlights that an increase in M2 liquidity is expected in the coming days. The theory suggests that BTC price movements tend to lag behind changes in the M2 liquidity supply. Data from the Federal Reserve Bank (FRED) shows the M2 liquidity indicator peaking at 22055.1 on April 14th and standing at 22005.4 as of July 30th. Traders are closely monitoring M2 data for future price clues. ```

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