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Bitcoin Faces Potential 25% Correction Amid Global M2 Decline Beincrypto 26 ноя 2024

Bitcoin Faces Potential 25% Correction Amid Global M2 Decline 📉

Bitcoin's price action faces scrutiny due to its correlation with the global M2 money supply. A potential 20-25% correction is suggested as M2 liquidity contracts.

Joe Consorti of Bitcoin custody firm Theya notes Bitcoin's 70-day lag in tracking M2 trends since September 2023, sparking concerns of a significant pullback.

The relationship between Bitcoin's price and M2 expansion reflects broader economic conditions, with risk assets typically correlating with liquidity increases.

Analysts point to historical patterns and propose long-term investment strategies amidst possible volatility from macroeconomic factors and M2 liquidity dynamics.

Источник: beincrypto.com ↗

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