M2 Money Stock (SA)
M2 money stock, seasonally adjusted ($B, monthly)
| Property | Value |
|---|---|
| Category | macro |
| Unit | $B |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/monetary |
| Field | m2_sa |
Overview
US M2 money stock, seasonally adjusted, in billions of dollars, monthly frequency (FRED M2SL). Identical scope to macro_m2_nsa but with seasonal-adjustment factors applied for trend-cycle analysis.
Interpretation
- The seasonally adjusted M2 series is the cleaner input for trend analysis and YoY comparisons.
- Monthly frequency means it lags
macro_m2_nsa(weekly) by 2–4 weeks but is less noisy. - BTC bull markets have historically aligned with sustained periods of accelerating M2 growth (e.g., 2020–2021).
Use Cases
- Use as the smoothed money-supply input for BTC macro models that prefer monthly cadence.
- Compute long-run growth rates (3-year, 5-year M2 trends) to identify multi-cycle liquidity regimes.
- Combine with
macro_cpito compute real M2 growth — a measure of "true" liquidity availability.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/monetary?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- M2 Money Stock (NSA) — M2 money stock, not seasonally adjusted ($B, weekly)
- Fed Balance Sheet — Federal Reserve total assets ($M, weekly)
- CPI (All Urban) — Consumer Price Index for all urban consumers (index, monthly)
- Net Liquidity — Fed Balance Sheet minus RRP minus TGA ($M, weekly)