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Bitcoin Follows M2 with 70-Day Lag, Market Sentiment Shifts
James Wynn emphasizes that the key indicator is the overall money supply, M2, viewing all other signals as mere noise. He notes that Bitcoin's price tends to follow M2 with a delay of about 70 days, starting from September 2023. Previously, the market has seen a reduction in long positions, a temporary squeeze on short sellers, and hopes for price increases.
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AI Analysis
James Wynn's focus on the M2 money supply as the primary determinant of Bitcoin's price aligns with macroeconomic principles where the overall liquidity in the economy influences asset prices. The app...
AI Recommendation
Investors should closely monitor changes in the M2 money supply as an indicator of potential Bitcoin price movements. Given the 70-day lag, any significant shifts in M2 could signal upcoming changes i...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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weak buy