💹$BTC has a strong correlation with M2 Global Supply Growth. This chart tracks global fiat liquidity from 21 central banks (FED, ECB, PBoC, BoJ, etc):  

⚫North America

⚫Eurozone

⚫Non-Eurozone Europe

⚫Pacific

⚫Asia

⚫Latin America

⚫Middle East

⚫Africa: ZAM  

It also tracks savings deposits, money market, smaller deposits under 100k, cash, etc. Increased global liquidity indicates more money and lower interest rates.

If you try to overlay M2 Global Supply with the $BTC chart you will notice that they do not overlap, this is because there is a delay of about 108 days between the increase in liquidity (M2) and $BTC following the trend (the correlation exists between 105 and 110 days).   

As you can see in the chart below, we are now in the red square and this should be the last month of lateral movement. If $BTC follows M2, there should be a strong price increase between May and June 2025 (the liquidity that is growing will spill over to the various assets and also the $BTC).