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🕵️ $BTC and global M2 quietly decoupled. The lag isn't where it used to be. Historic correlation was approximately 84%. Since mid-2025, there has been a persistent divergence. Money supply is growing, but the cost of accessing it has also increased. This is one of those #insights that hides in the macro stack. We track M2 #data from the US, China, EU, Japan, BRICS, and G20 side-by-side with on-chain metrics to make the connections clear. Open the macro module → #macro
#crypto