Posting under their joint X handle, Negentropic, the analysts argued that the current market deadlock—where neither buyers nor sellers are showing conviction—won’t last much longer.
They pointed to the upcoming return of M2 liquidity as a potential turning point.
M2, a broad measure of money supply in the U.S. and Eurozone, is widely seen as a leading indicator for Bitcoin price trends. While BTC recently dipped to $111,919 after crossing $120K, it has since bounced back to around $114,000. The analysts suggest the lagging effect of rising M2 could soon kick in, closing the window for bears.
Federal Reserve data shows M2 is recovering from its April peak, aligning with a broader shift toward bullish liquidity conditions. If that trend continues, Bitcoin could soon break out of its sideways grind.
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