Bitcoin (BTC) price in India has surged 8% from its March 11 low of $76,703, driven by large investors buying the dip with leverage. Margin longs on Bitfinex soared to their highest level since November 2024, adding 13,787 BTC over 17 days, now totaling $5.7 billion. This bullish leveraged positioning indicates confidence in Bitcoin’s potential despite recent price dips. Analysts suggest Bitcoin’s price correlates with the global monetary base, rising as central banks inject liquidity. With recession risks rising, expansionary monetary policies may increase the money supply, potentially leading Bitfinex whales to capitalize on a rally above $105,000. A correlation between the global money supply (M2) and Bitcoin’s price has been identified, influencing investor interest based on liquidity conditions. Bitfinex margin traders increased long positions in early September 2024, coinciding with bullish momentum as Bitcoin surpassed $75,000. While global M2 trends may influence Bitcoin accumulation, major events like Donald Trump’s election can also impact rallies. Michael Saylor’s plan to raise $21 billion for more Bitcoin could shift market dynamics despite net outflows from Bitcoin spot ETFs. The global money supply expansion may have spurred Bitfinex margin longs, but Bitcoin’s push towards $105,000 is mainly driven by industry news. Talks about Donald Trump acquiring a stake in Binance could impact the market, with a more crypto-friendly US government potentially benefitting the industry. Regulatory uncertainties around bank custody of digital assets and SEC’s rules on crypto provisions continue to influence market conditions. Economic stimulus measures due to deteriorating macroeconomic conditions may lead to a higher Bitcoin price in India. If trends persist, Bitcoin could reach $105,000 by May 2025, as predicted by experts.