My main theory on BTC price:
- it moves with Fed balance sheet / liquidity, always has
- we were never supposed to have a 2023-25 bull market into QT
- the SVB spike which was quickly unwound set in motion a price pump, but was a false start
- ETF and strategic Bitcoin reserve headlines kept it going
- weβre now - as many are calling a bear market - heading into the conditions where BTC historically actually pumps

