Bitcoin just shattered records with its largest-ever disconnect from global money supply, igniting debates on whether this historic correlation will snap back as quantum computing fears fade. André Dragosch, a prominent economist, highlighted this anomaly in a recent tweet, questioning if resolving quantum FUD—fueled by Google's March 31, 2026, paper on potential cryptographic threats—could realign Bitcoin's trajectory with expanding fiat liquidity. Over the past year, Bitcoin's price has often mirrored surges in global money supply, but this divergence marks a stark outlier, pressuring traders to reassess macro drivers.

Quantum FUD Eases, But Correlation Questions Linger

Recent resolutions to quantum computing concerns bolster optimism. Experts note that while a cryptographically-relevant quantum computer could theoretically break Bitcoin signatures, advancements in post-quantum cryptography have mitigated immediate risks, shifting focus back to fundamentals like money supply growth. This comes after a year of volatility, where Bitcoin navigated regulatory shifts and institutional adoption spikes, yet detached from liquidity trends that historically propelled rallies.

In the 4-hour chart, Bitcoin presses against the upper Bollinger Band at $73,558.90, signaling potential volatility exhaustion amid a bullish MACD golden cross at 891.51 that underscores sustained upward momentum. Price action holds firm above the EMA50 support at $69,646.59 and the EMA200 at $68,822.45, forming a robust confluence of long-term trend lines that traders eye as launchpads for continuation. With RSI at 67.97 hovering neutral—neither overbought nor signaling fatigue—a tactical pullback to the lower band support near $68,102.98 could flush out weak hands before Bitcoin resumes its grind higher, especially if global liquidity correlations reemerge.

Investors now watch central bank policies closely, as any liquidity injection could bridge this gap, reinforcing Bitcoin's role as a hedge against inflation in an era of digital finance evolution.