Theya Bitcoin analyst Joe Consorti pointed out in a post that the price change of Bitcoin usually lags the change of the global money supply by about two months (about 70 days). At present, the global money supply has decreased by about 4 trillion US dollars in recent weeks after hitting a record high of 108 trillion US dollars, indicating that the contraction of the money supply may have downward pressure on the price of Bitcoin, or mean that the price of Bitcoin may fall to 75,000 US dollars.