Recent data reveals Bitcoin’s impressive surge past $104,000, driven by a rise in global M2 levels. The CEO of Abra, Bill Barhydt, links this increase to heightened liquidity within the financial system. Macro analysts like Julien Bittel highlight the significant role of M2 as a leading indicator for future Bitcoin rallies, with their 12-week analysis suggesting further gains ahead. Institutional investors, including GameStop’s recent Bitcoin purchases, are playing a key role in shaping current trends. This surge in liquidity is driving a shift in investor strategies globally, bolstering Bitcoin’s market dominance and potentially impacting other cryptocurrency markets as well.