The U.S. money printer keeps going brrr — M2 money supply just smashed through to a fresh record at $22.3 trillion. For those tracking macro signals, this marks another expansion in the total amount of cash and liquid assets circulating in the American economy. Historically, surges in M2 have correlated with increased liquidity flowing into risk assets, and crypto markets tend to pay attention when the Fed's balance sheet implications start showing up in these numbers. Worth keeping on your radar if you're positioning for the next wave of capital rotation.