Bitcoin Drops Below $100,000 as Global M2 Money Supply Reaches $95.8 Trillion

Bitcoin fell below $100,000 for the first time in months despite global M2 money supply hitting a record $95.8 trillion. As of November 5, BTC trades near $104,000, breaking its historical correlation with liquidity expansion. Data show Bitcoin has dropped below its 365-day moving average of approximately $102,000, with CryptoQuant's Bull Score Index reaching zero for the first time since June 2022.