10x Research: Dramatic decline in money supply triggers concerns among Bitcoin traders

According to 10x Research on X, the global money supply has increased by more than 50 trillion US dollars in the past decade, a macroeconomic indicator that is often discussed. This surge seems to benefit Bitcoin holders as the "money printing" effect enhances its appeal as a hedge tool. However, the global money supply has recently experienced another sharp increase, which historically leads to changes in Bitcoin prices about ten weeks later. But after that, it saw a significant decline.

Therefore, traders who are bullish on Bitcoin based on summer money supply growth data may now need to shift to a bearish attitude.