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Global M2 has been fairly tightly correlated with BTC since December 2023 (see green arrows on chart). That's about 1.5 years. That's a long time. The rule I've observed is 80% correlation and 20% non-correlation. I've been saying this for a long time, even though no one wants

#Bitcoin: MVRV-Score signals that BTC is far from its top, whenever we hit the blue region, Bitcoin saw its bottom. Whenever we hit the red region of the MVRV, Bitcoin saw its top! Now check the MVRV level that is slighlty above the level of 2, this is far away from top level!

MVRV Z-score: Status: not hit⛔️ Current: 2.66 Peak: 7+ #btc #crypto #bullrun

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