Bitcoin could drop 20% if it continues to correlate with the "M2 money supply"

According to recent analyses, Bitcoin may face a correction of 20-25% if it continues to correlate with the global M2 money supply. Joe Consorti, an analyst from Theya Bitcoin, pointed out that Bitcoin is tracking M2 with a lag of about 70 days. As the global M2 liquidity is tightening, if this situation continues, Bitcoin could enter a correction phase, especially when looking at the historical correlation between M2 and Bitcoin prices, as M2 usually experiences strong growth before Bitcoin price surges. Fluctuations in the currency market and macroeconomic factors may also influence Bitcoin's movements in the near future, so investors need to prepare for potential changes.