⚡️ WATCH - Bitcoin’s 70-day lagged directional correlation with global M2 has tightened again after a brief decoupling 2 months ago.

Bitcoin is back in sync, albeit loosely, with global M2, which inflected up a few weeks ago.

The charts inputs are unchanged from its creation 8 months ago.

This has loosened to the point that it hardly resembles what it did several months back.

This chart is not actionable whatsoever.

The takeaway is that BTC is fulfilling its design: rising as global money supply & balance sheet capacity rise—even if M2 isn't the best measure.