Analysts on Crypto Twitter suggest that Bitcoin tends to follow global M2 with a 12-week lag, with recent evidence showing a potential price increase. However, various factors like ETF inflows and macro policy surprises can impact this correlation. Bitcoin’s price behavior is influenced by idiosyncratic flows, making it challenging to predict using macro models alone. Regional differences and revisions in M2 figures further complicate correlation readings, highlighting the need for a more nuanced approach to analyzing Bitcoin’s price movements.

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