📊 #BTC# Glassnode: The correlation of BTC with US M2 money supply or other major economies does not show a consistent or predictable pattern.


Periods of positive correlation are often followed by negative or insignificant correlations, with changes occurring independently of clear macroeconomic factors.
Despite frequent claims of a stable relationship, the evidence suggests that the relationship is largely stochastic rather than structural.
BTC-3.09%
MAJOR-5.31%
NOT-8.97%
CLEAR-4.09%
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