💱 Bitcoin (BTC) selling pressure eases as M2 money supply shifts, former BitMEX CEO sees gradual recovery.

📊 There are signs that Bitcoin (BTC) is heading for a possible relief from the selling pressure it has faced in recent weeks. M2 money supply, a crucial economic indicator, turns positive since November 2022, suggesting a shift in investor sentiment towards assets like Bitcoin.

📝 Furthermore, prominent figures in the crypto market, including the CEO of BitMEX and the current CEO of Vailshire Capital Management, believe that Bitcoin has bottomed out and could begin to see a gradual recovery.

•THE M2 MONETARY SUPPLY AIMS TO RELIEVE THE SELLING PRESSURE.

🔂 Contrary to what many expected, Bitcoin has seen a sharp drop after its halving. On May 1, 2024, it fell to a new multi-month low below $57,000, sending shockwaves throughout the cryptocurrency market, where it acts as a beacon of hope leading the entire Cryptocurrency pack. .