Yes, the DJI Mic 2 is compatible with the Insta360 X5.
Insta360 X5's own spec page explicitly names DJI Mic 2 in its list of supported Bluetooth devices, with dual-track audio recording supported -- a real named compatibility, not an inference. This is a different mechanism than DJI's own OsmoAudio ecosystem (which X5 isn't part of, since it's not a DJI camera) -- X5 connects to DJI Mic 2 as a generic Bluetooth audio source instead.
“Other Bluetooth Devices: DJI: Mic Mini, Mic 2 Apple: AirPods Pro 2, AirPods 2 Huawei: FreeBuds Pro 2 Samsung: Galaxy Buds2 One Plus: Buds Ace Dual-track audio supported on all devices.”
Last verified:
Confidence: high confidence