So far, 2025 has been anything but boring in the crypto world. Bitcoin has been bouncing around in a wide range, keeping traders on their toes, while altcoins have had a mixed bag of winners and losers. Some people think we’re in a quiet phase before the next big move, others are wondering if the 2024 rally is already losing steam. In times like these, it helps to zoom out and look at the bigger forces that might be shaping the market.

A lot of the headlines focus on things like ETFs, regulations, or the latest tweets from crypto influencers. But the real drivers often come from the macro world stuff like interest rates, money supply, and global liquidity. These big-picture trends don’t move as fast, but they tend to have a much bigger impact over time.

That’s why this month’s report is digging into one of the most reliable indicators out there: Global M2 vs. Bitcoin. It’s a simple concept with a powerful track record. When central banks start pumping more money into the system, Bitcoin tends to react and lately, that pattern has been playing out almost perfectly. Let’s take a closer look at what this means and where it could be pointing next.