U.S. M2 money supply hit a record high in 2025. Here are some figures worth noting: an annual increase of over $165 billion, with a total scale of $26.7 trillion, marking the fastest growth since 2021.

M2 includes main forms of currency such as cash in circulation, demand deposits, and savings accounts, directly reflecting the effective purchasing power in the economy. This large-scale monetary expansion often drives up asset prices—both in traditional finance and the crypto markets.

Interestingly, this growth point coincides with a crossroads in global central bank policies. The Federal Reserve's attitude shift, reallocation of international capital flows... various factors are stacking up, changing investors' asset allocation logic. For traders focused on macro cycles, such monetary data is often an important reference for judging the next market rhythm.