Global M2 Hits Record $125 Trillion, Yet Bitcoin Stays in Pullback
- —When M2 grew more than 5% a year, BTC's median one-year gain was just 6%
- —When money growth accelerated, BTC rose three months later in ~70% of cases, median ~20%
- —Annual M2 growth has eased from 8% to 7%, with the signal projected to turn negative around mid-November
- —BTC support sits at $80,371–81,638, with deeper support at the 50-week SMA near $76,800
Why it matters: If money growth holds near 7%, the model's signal flips negative by mid-November, raising the risk of sideways or lower BTC trading.
Source: Coinpedia