Despite popular narratives blaming whales, halving cycles or ETFs, new data shows Bitcoin and altcoin prices are driven more by liquidity flows, macro risk appetite and speculative crowd behavior than by long-term fundamentals.
Large-scale Bitcoin buying returned last week as institutional and whale activity added $835 million to market holdings, signaling renewed risk appetite and potential price momentum ahead.
Midweek Bitcoin analysis: price action hinges on liquidity, macro data and on-chain flows. Traders weigh US economic cues, ETF demand and miner selling as volatility and correlation shape short-term direction.