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Bitcoin Poised for Breakout as Global Liquidity Surges to Record Levels

  • Global liquidity, indicated by the rise in global M2 money supply to $113 trillion, has surged, with the U.S. M2 reaching a new all-time high of $21.94 trillion.
  • The S&P 500 recently hit an all-time high above 6,200 points, coinciding with the surge in liquidity.
  • Bitcoin, currently trading close to its peak, is expected to benefit from the liquidity surge, with experts predicting a major breakout and potential rally in the near future.
  • Bitcoin's price appreciation has historically correlated with global M2 growth, as indicated by a chart from Blockware, suggesting a possible upward momentum for Bitcoin in response to monetary expansion.

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