Everyone abandoned the M2 chart because they never truly understood what it was showing in the first place.
$BTC has consistently topped before M2 peaks.
However, once M2 does top out, it has historically led to extended downside for BTC. That pattern has repeated since 2012.
The sequence has generally been:
BTC tops > M2 keeps rising > BTC ranges until M2 peaks > M2 peaks = prolonged BTC downside.
This cycle has played out again and again.
M2 still hasnโt topped yet, and when it finally does, do you really think itโs suddenly going to decouple from the way markets have always moved?
No.