- Bitcoin is consolidating near $119,387 after a 150% surge since early 2025, showing strong investor confidence and market stability.
- Tight price ranges and solid liquidity indicate healthy market conditions as Bitcoin tracks the global money supply trend closely.
- Analysts expect altcoins to gain momentum in Q4, especially as Ethereum pushes closer to breaking new all-time highs.
According to analyst Crypto_Twitter, Bitcoin is still closely tracking the M2 Global Money Supply trend. Investor trust in its long-term performance is bolstered by this alignment. Bitcoin is currently trading at $119,387.50, down 0.06% per day, but its long-term upward trend is still in place.
In September 2024, the cryptocurrency garnered attention as it soared from $70,000 in early 2025 to around $180,000 by mid-2025. In a matter of months, this amounts to a rise of almost 150%.
Source: Crypto_Twitter
Strong Rally and Market Consolidation
The chart reveals three distinct phases in Bitcoin’s price action. First, it consolidated around $104,000-$109,000 through late 2024. Then, it climbed steadily in early 2025 before an explosive rally began in March. This rapid appreciation set new record highs, prompting traders to reassess market potential.
Bitcoin appears to be consolidating again at the moment. Daily price fluctuations range from $119,674.90 to $119,387.50. Additionally, the buy-sell spread has decreased to $0.10 despite high values, indicating strong liquidity.
Macro Drivers and Institutional Influence
The Bitcoin performance is correlated with the M2 money supply, which measures the amount of cash and accessible deposits in circulation. Investors frequently use Bitcoin as a hedge against currency devaluation as global liquidity increases.
Moreover, Crypto_Twitter expects altcoins to benefit in Q4, following Ethereum’s push toward new all-time highs. This expectation could drive broader participation across the crypto sector.
Hence, Bitcoin’s current consolidation near record levels is a critical juncture. Crypto_Twitter believes the alignment with M2 money supply signals that macroeconomic conditions remain favorable for further upside. However, they caution that rapid gains can trigger corrections.
