$TOTAL2 vs $USM2 Ratio
In the crypto world many analysts watch the Money supply called M2 closely to determine the direction of the market. During the last crypto cycle, the 
TOTAL2 index (Crypto Market Cap without 
BTC) hit an ATH when the M2 hit 21.75 Tn $. Since then, the M2 Money Supply has been trending down which resulted in a major bear market in the Alt Coin space.
If we look at the chart ofTOTAL2 vs 
USM2 we see that the chart hit an ATH on Nov 21 with M2 peaking in March 22. The ratio chart hit a low on Jan 23 with M2 hitting the cycle low on Mar 23. Since then, the TOTAL2 vs USM2 has shown a steady recovery with an increased money supply. The current level of M2 is still below the peak of March 22. But with increasing M2 we can expect a bull run in the Alt coin market including BTC. There have been recently some weaknesses in the chart on a short-term basis. Let’s see how the chart develops on a medium-to-long term. Until then watch out for this space. BTC TOTAL2 USM2
TOTAL2 index (Crypto Market Cap without BTC) hit an ATH when the M2 hit 21.75 Tn $. Since then, the M2 Money Supply has been trending down which resulted in a major bear market in the Alt Coin space. If we look at the chart of
TOTAL2 vs USM2 we see that the chart hit an ATH on Nov 21 with M2 peaking in March 22. The ratio chart hit a low on Jan 23 with M2 hitting the cycle low on Mar 23. Since then, the TOTAL2 vs USM2 has shown a steady recovery with an increased money supply. The current level of M2 is still below the peak of March 22. But with increasing M2 we can expect a bull run in the Alt coin market including BTC. There have been recently some weaknesses in the chart on a short-term basis. Let’s see how the chart develops on a medium-to-long term. Until then watch out for this space. BTC TOTAL2 USM2
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