The Global M2 is a key economic metric to look out for once btc is making any moves to the up side or to the downside.
Global M2 measures the Total supply of money in the global economy.
Both Cash, Term deposits , savings deposit , money market funds and other liquid assets are included in that chart.
I will host a space tomorrow to explain the relationship between bitcoin and the global M2 money supply.
I will also show you why some of your alts may not hit All time high except they have strong fundamentals.