Golden Finance reported that Bitcoin analyst Joe Consorti pointed out that the price of BTC usually lags behind the global Money Supply changes by about two months (around 70 days). Currently, after reaching a historic high of $108 trillion, the global Money Supply has decreased by about $4 trillion in recent weeks, indicating that the contraction of the Money Supply may put downward pressure on the BTC price, or imply that the BTC price may drop to $75,000.