Bitcoin’s next risk is hiding in the gap between debt and liquidity
The story
The old Bitcoin playbook ran on the simple logic that when global M2 expands, capital flows into risk assets, and Bitcoin captures a disproportionate share. That relationship powered the 2020-2021 bull market, and crypto Twitter spent the better part of 2024 charting M2 overlays as proof that the next leg was imminent. Now, the global [ ] The post Bitcoin’s next risk is hiding in the gap between d
From the source
Explore why savvy investors borrow against crypto instead of selling, with insights on liquidity, capital preservation, and portfolio strategy.
Who and what
Key names and topics in this story: Bitcoin.
Where to follow next
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