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Journalist<\/p>\n<\/p><\/div>\n
Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n\n\n- The negative trend of the market cap vs. the realized cap is historically a bearish signal<\/em><\/li>\n
- The halt in the Tether reserve growth pointed to stable, rather than increasing, buying power<\/em><\/li>\n<\/ul>\n
The global M2<\/a>, a money supply classification that includes money market funds, refers to the money supply from major economies such as the U.S.A., China, and the Eurozone.<\/p>\nIn a recent report, it was noted that the global M2 money supply went parabolic in 2025 while Bitcoin [BTC]<\/a><\/span>\u00a0was consolidating.<\/p>\nHistorically, such divergences do not last long. Hence, there is a chance for Bitcoin to appreciate.<\/p>\n
On the other hand, the trade war initiated by the U.S. has dented investor confidence. China\u2019s retaliatory 34% tariff<\/a> on the 2nd\u00a0of April deepened tensions, affecting the crypto market as well.<\/p>\nBitcoins Assessing the bearish arguments for Bitcoin<\/strong><\/h2>\nThe Bitcoin spot ETFs have been weak in recent days. The pessimistic macroeconomic outlook as a result of the ongoing trade wars was a factor here.<\/p>\n
Blackrock\u2019s spot ETF IBIT (iShares Bitcoin Trust ETF) saw some inflows in the past two weeks, but most other products have witnessed selling pressure recently. This outlined a bearish short-term sentiment.<\/p>\n
Amidst this bearish backdrop, the CEO and Co-Founder of popular crypto analytics firm CryptoQuant stated that the \u201cbull cycle is over\u201d.<\/p>\n
Bitcoins Is the BTC bull cycle over?<\/strong><\/h2>\n
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- The negative trend of the market cap vs. the realized cap is historically a bearish signal<\/em><\/li>\n
- The halt in the Tether reserve growth pointed to stable, rather than increasing, buying power<\/em><\/li>\n<\/ul>\n
The global M2<\/a>, a money supply classification that includes money market funds, refers to the money supply from major economies such as the U.S.A., China, and the Eurozone.<\/p>\n
In a recent report, it was noted that the global M2 money supply went parabolic in 2025 while Bitcoin [BTC]<\/a><\/span>\u00a0was consolidating.<\/p>\n
Historically, such divergences do not last long. Hence, there is a chance for Bitcoin to appreciate.<\/p>\n
On the other hand, the trade war initiated by the U.S. has dented investor confidence. China\u2019s retaliatory 34% tariff<\/a> on the 2nd\u00a0of April deepened tensions, affecting the crypto market as well.<\/p>\n
Bitcoins Assessing the bearish arguments for Bitcoin<\/strong><\/h2>\n
The Bitcoin spot ETFs have been weak in recent days. The pessimistic macroeconomic outlook as a result of the ongoing trade wars was a factor here.<\/p>\n
Blackrock\u2019s spot ETF IBIT (iShares Bitcoin Trust ETF) saw some inflows in the past two weeks, but most other products have witnessed selling pressure recently. This outlined a bearish short-term sentiment.<\/p>\n
Amidst this bearish backdrop, the CEO and Co-Founder of popular crypto analytics firm CryptoQuant stated that the \u201cbull cycle is over\u201d.<\/p>\n
Bitcoins Is the BTC bull cycle over?<\/strong><\/h2>\n
- The halt in the Tether reserve growth pointed to stable, rather than increasing, buying power<\/em><\/li>\n<\/ul>\n