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For every Bitcoin price move, there are ten confident explanations. Here's what actually drives it.
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Supply is fixed and shrinking — new coins halve roughly every 4 years, heading to a hard cap of 21 million.
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Demand sets the price at the margin: retail, funds, and spot ETFs buying — or stepping back.
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Leverage makes the moves violent. Forced liquidations push the price further the same way.
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Short term, it trades on stories — an ETF, a regulation, a hack, a big buyer stepping in.
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And it rides the macro tide: interest rates, the dollar, and overall risk appetite.