The Bitcoin (BTC) price increased by 8% compared to the low level of March 11 in the amount of 76,703 USD, partly by enormous investors aggressively buying a DIP with a lever.

The margin at Bitfinex increased to the highest level from November 2024, adding 13 787 BTC in 17 days. Currently, it is $ 5.7 billion, this stubborn positioning lever signals trust in the potential of Bitcoin growth despite the recent price weakness.

Some analysts say that the price of Bitcoin is closely related to the global cash base, which means that it grows as central banks inject liquidity.

Along with the growing risk of recession, the probability of monetary policy expansion increases. If this correlation persists, Bitfinex whales could be well prepared to exploit it above USD 105,000 in the next two months.

For example, X Pakpakchicken claims that he identified 82% of the correlation between global money supply (m2) and the Bitcoin price.

When central banks exhaust liquidity by raising interest rates or reducing bond shares, traders become more reluctant to risk, which leads to a weaker demand for bitcoin. And vice versa, the periods of cash facilitating drive more interest in assets with investors, increasing its price potential.

Bitfinex whales are ongoing long BTC as DNA M2

At the beginning of September 2024, the Bitfinex margin added 7,840 BTC in long positions, coinciding with the bear period, when Bitcoin fought to regain USD 50,000 for over three months.

Despite the slowdown of the whaler, Bitfinex maintained their positions, and the price of Bitcoin exceeded USD 75,000 less than two months later. In particular, the global M2 money supply was about the same time when traders increased the Bitcoins exhibition, which further strengthen the correlation.

It may be impossible to determine a direct cause-and-effect relationship between money supply and investors’ readiness to collect bitcoins, especially taking into account the impact of main events in these periods.

For example, Donald Trump’s elections as the US president in November 2024 significantly fueled the Bitcoin rally due to the attitude of the recent administration, regardless of global M2 trends and liquidity conditions.

Similarly, the latest plan of Michael Saylor for a meeting of up to $ 21 billion of fresh capital for the strategy of purchasing more Bitcoins can change market dynamics, even $ 4.1 billion dollars of net outflows from bitcoin rotary funds (ETFS) from February 24.

The strategy remains the largest corporate owner of Bitcoins, from 499 096 BTC acquired at a total cost of $ 33.1 billion, strengthening the long -term strategy of persistence.

More pronounced cryptocurrency regulation, an enhance in strategic capital

Basically, the expansion of global cash supply could have an enhance in Bitfinex for many years, but Bitcoin in the direction of USD 105,000 may be primarily caused by messages and events.

In the Wall Street Journal report on March 13 revealed that representatives of Donald Trump conducted discussions on the potential acquisition of shares in Binance.

Related: US Bitcoin ETFS BRINE STROW STROW with an influx of USD 13.3 million

So far, the influence of the US -friendly market -friendly market has not yet brought specific benefits.

For example, the currency controller office (OCC) has not yet explained whether banks can look after digital resources and manage Stablecoin without prior consent.

Similarly, the duties of the chairman of SEC, Mark Uyeda, announced plans to remove crypto-designer provisions from the proposed rule that would expand the definitions of exchange.

The American Commission of Securities and Exchange currently reviews ETF ETF Spot Bitcoin applications for permission to perform and redempt, enabling the exchange of shares for Bitcoin instead of using a conventional cash method.

Meanwhile, the global macroeconomic conditions deteriorated, exerting pressure on Bitcoin. However, the same factors gradually push the governments towards economic stimuli and extend the money supply M2.

If this trend persists, it should ultimately create conditions for the Bitcoin price to meet the Pakpakchicken forecast in the amount of USD 105,000 until May 2025 and probably enhance.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.