The global M2 money supply is at an all-time high of 95 trillion to 96 trillion USD, with China’s contribution significantly impacting the overall liquidity. This trend is linked to an increase in interest in higher-risk assets such as Bitcoin.
Bitcoin is trading between 117,800 and 118,102 USD. The substantial liquidity increase suggests a favorable environment for growth, with many traders optimistic about the potential for Bitcoin prices to rise due to ongoing monetary policies.
Institutions have begun purchasing Bitcoin amid price fluctuations, showcasing confidence in Bitcoin’s long-term value. This behavior reflects a bullish market attitude as they aim to capitalize on price dips in the cryptocurrency.
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