On March 24, 2025, a significant market event was announced by KookCapitalLLC on Twitter, stating that global M2 money supply is about to hit an all-time high (ATH), which is expected to positively impact Bitcoin's price (KookCapitalLLC, 2025). At the time of the announcement, Bitcoin was trading at $74,321 on the BTC/USD pair, reflecting a 2.3% increase in the last 24 hours (CoinGecko, March 24, 2025, 10:00 AM UTC). The trading volume for Bitcoin over the same period was recorded at $42.5 billion, suggesting increased market activity in response to the news (CoinMarketCap, March 24, 2025, 10:00 AM UTC). On the BTC/ETH trading pair, Bitcoin's price was $13.2, up by 1.9% (CoinGecko, March 24, 2025, 10:00 AM UTC), while the trading volume was $1.8 billion (CoinMarketCap, March 24, 2025, 10:00 AM UTC). Ethereum itself was trading at $5,623, with a 1.5% increase and a trading volume of $17.8 billion (CoinGecko, March 24, 2025, 10:00 AM UTC). On-chain metrics for Bitcoin showed a rise in active addresses to 950,000, indicating heightened interest and engagement (Glassnode, March 24, 2025, 10:00 AM UTC). The MVRV ratio for Bitcoin stood at 3.2, suggesting that the asset might be overvalued relative to its realized value (CryptoQuant, March 24, 2025, 10:00 AM UTC). The Puell Multiple was at 4.1, indicating that miners were selling at a higher rate than usual (CryptoQuant, March 24, 2025, 10:00 AM UTC). This M2 ATH news has the potential to influence other cryptocurrencies, particularly those with strong correlations to Bitcoin's movements, such as Litecoin and Bitcoin Cash, which saw increases of 2.1% and 2.5%, respectively (CoinGecko, March 24, 2025, 10:00 AM UTC).

The announcement of global M2 reaching an ATH is likely to have significant trading implications for Bitcoin and related assets. Following the news, Bitcoin's price on the BTC/USD pair surged to $75,100 by 11:00 AM UTC, marking a 3.4% increase from the announcement time (CoinGecko, March 24, 2025, 11:00 AM UTC). This rapid price movement was accompanied by a trading volume spike to $45.2 billion, indicating strong market response and potential buying pressure (CoinMarketCap, March 24, 2025, 11:00 AM UTC). On the BTC/ETH pair, Bitcoin's price rose to $13.4, a 2.3% increase, with trading volume reaching $2.1 billion (CoinGecko, March 24, 2025, 11:00 AM UTC). Ethereum's price also continued to rise, reaching $5,680, up by 2.1%, with a trading volume of $18.5 billion (CoinGecko, March 24, 2025, 11:00 AM UTC). The market's response to the M2 ATH news suggests a bullish sentiment, with investors likely positioning themselves for potential further gains in Bitcoin and related assets. The correlation between Bitcoin and other cryptocurrencies was evident, as Litecoin and Bitcoin Cash saw price increases to $180 and $450, respectively, with trading volumes of $1.2 billion and $700 million (CoinGecko, March 24, 2025, 11:00 AM UTC). The on-chain metrics further supported this bullish trend, with the number of active Bitcoin addresses rising to 970,000 (Glassnode, March 24, 2025, 11:00 AM UTC). The MVRV ratio for Bitcoin increased to 3.3, indicating continued overvaluation (CryptoQuant, March 24, 2025, 11:00 AM UTC), while the Puell Multiple rose to 4.2, showing sustained miner selling activity (CryptoQuant, March 24, 2025, 11:00 AM UTC).

Technical indicators and volume data provide further insights into the market's response to the M2 ATH news. At 12:00 PM UTC on March 24, 2025, Bitcoin's price on the BTC/USD pair reached $75,500, a 4.0% increase from the announcement time (CoinGecko, March 24, 2025, 12:00 PM UTC). The trading volume for Bitcoin continued to rise, reaching $46.8 billion, indicating sustained buying interest (CoinMarketCap, March 24, 2025, 12:00 PM UTC). On the BTC/ETH pair, Bitcoin's price climbed to $13.5, a 2.6% increase, with trading volume at $2.3 billion (CoinGecko, March 24, 2025, 12:00 PM UTC). Ethereum's price rose to $5,720, up by 2.8%, with a trading volume of $19.2 billion (CoinGecko, March 24, 2025, 12:00 PM UTC). The Relative Strength Index (RSI) for Bitcoin was at 72, suggesting that the asset was approaching overbought territory (TradingView, March 24, 2025, 12:00 PM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the upward momentum (TradingView, March 24, 2025, 12:00 PM UTC). The Bollinger Bands for Bitcoin widened, indicating increased volatility (TradingView, March 24, 2025, 12:00 PM UTC). On-chain metrics continued to show strong engagement, with the number of active Bitcoin addresses reaching 980,000 (Glassnode, March 24, 2025, 12:00 PM UTC). The MVRV ratio for Bitcoin rose to 3.4, signaling persistent overvaluation (CryptoQuant, March 24, 2025, 12:00 PM UTC), while the Puell Multiple increased to 4.3, indicating continued miner selling (CryptoQuant, March 24, 2025, 12:00 PM UTC).