Bitcoin Price Is Trading $66,000 Below Its M2 Fair Value — Is the Liquidity Trade Completely Broken?
Bitcoin value is breaking one among its most dependable guidelines. Global M2 has climbed roughly 12% since mid-2025. Bitcoin has dropped round 35% over the identical interval. That shouldn’t be a small divergence. That is a fracture in the liquidity-drives-crypto thesis that outlined the final cycle. Two forces are driving the decoupling. Restrictive rates of…
