Seeing people use the decoupling of BTC from the global M2 to bearishly predict Bitcoin is really an unfounded logic.

Indeed, data shows that Bitcoin is diverging from M2, but this is precisely the most critical turning point. Over the past few years, BTC's price movements have largely followed liquidity cycles—rising when central banks pump money, falling when they tighten—like being tied to a rope. Now, the situation has reversed.

This is not a sign of a top; rather, it is a mark of Bitcoin's true growth. It is no longer merely benefiting from liquidity flooding but has developed its own value logic. From another perspective, BTC is shifting from a "liquidity reservoir" to a "fundamental asset"—its role in institutional allocation, corporate reserves, and wealth transfer is becoming increasingly prominent.

History always punishes those who view new things with old perspectives. While market consensus is still tangled in macro factors, a large group of participants are already re-pricing. That’s why super cycles often unfold when "everyone least understands" them.

To avoid missing out, you must first recognize this shift. Bitcoin's game rules are changing, and your analytical framework should be upgraded too.