{"id":4681,"date":"2024-12-24T14:46:59","date_gmt":"2024-12-24T14:46:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4681"},"modified":"2024-12-24T14:46:59","modified_gmt":"2024-12-24T14:46:59","slug":"bitcoins-rally-tracked-this-crucial-macro-indicator-and-now-its-pointing-to-a-correction","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4681","title":{"rendered":"Bitcoin&#8217;s Rally Tracked This Crucial Macro Indicator\u2014And Now It&#8217;s Pointing To A Correction"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>&#8216;s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42612972\/bitcoins-2025-outlook-suddenly-looks-uncertain-heres-why\">strong correlation with global M2<\/a> money supply has raised concerns of a potential price correction, according to <strong>Joe Consorti<\/strong>, Head of Growth at <strong>Theya<\/strong> <strong>(YC)<\/strong>.<\/p>\n<p><strong>What Happened: <\/strong>Consorti highlighted Bitcoin&#8217;s close relationship with global M2 money supply in a <a href=\"https:\/\/x.com\/JoeConsorti\/status\/1869875573444497717\">post<\/a> on <strong>X<\/strong> on Dec.19, saying &#8220;Bitcoin has followed global M2 with extreme precision since September last year.&#8221;<\/p>\n<p>M2 refers to the broad measure of money in circulation, including cash, deposits, and near-liquid assets, and is often used as an indicator of economic liquidity.<\/p>\n<p>Consorti noted Bitcoin\u2019s rally from $40,000 to over $100,000 coincided with a period of liquidity expansion.<\/p>\n<p>However, with global M2 contracting in recent months, Consorti cautioned that Bitcoin could face a larger correction, potentially revisiting levels around $90,000 or &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42669525\/bitcoins-rally-tracked-this-crucial-macro-indicatorand-now-its-pointing-to-a-correction\" alt=\"Bitcoin's\" rally tracked this crucial macro indicator now it pointing to a correction>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8216;s (CRYPTO: BTC) strong correlation with global M2 money supply has raised concerns of a potential price correction, according to Joe Consorti, Head of Growth at Theya (YC). What Happened: Consorti highlighted Bitcoin&#8217;s close relationship with global M2 money supply in a post on X on Dec.19, saying &#8220;Bitcoin has followed global M2 with extreme [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4681","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4681"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4681\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}