TanukiBTC ⚡2d ago3/6
“But BTC was falling while global M2 was rising after the Oct 2025 crash.”
True.
That move wasn’t about liquidity though — it was a deleveraging event. ETF outflows + policy fears forced a bunch of leveraged crypto positions to unwind at the same time.
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TanukiBTC ⚡2d ago4/6
Meanwhile global liquidity never actually stopped expanding.
Liquidity doesn’t hit markets instantly.
There’s usually a 6–9 month lag between money being created and that money actually flowing into risk assets.
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