M2 Money Supply going parabolic right now

M2 Money Supply going parabolic right now

What's the reason?
I think it’s because bitcoin absorbs a lot of liquidity since it’s an easy market to jump into. I think.
Does that mean they are printing a bunch of money, I'm guessing???
Yes, global financial conditions are easing. Lower interest rates, more support for markets etc.
Thank you for including the chart settinfs