Bitcoin (BTC) is trading about 48% below its October peak even as global M2 money supply hits a record near $135 trillion, widening a gap with global liquidity this cycle. According to BeInCrypto, Alphractal said the divergence since early 2025 is the most pronounced in its dataset, with the S&P 500 near record highs while BTC “compressed,” raising questions over whether BTC will catch up or its liquidity correlation has structurally shifted.
BTC firmed toward $66,000 this week; it was last at $65,831, up 0.27% in 24 hours. Glassnode said the rebound from near $60,000 looks like base-building, citing spot volume down 40.4% to $5.8B and futures open interest down 3% to $30.6B.
Bitcoin Trades 48% Below October Peak as Global M2 Hits Record Near $135 Trillion
2026-06-16 12:54:31
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