‎₿ BTC: PRICE — THIS IS A CONSEQUENCE
‎
‎When BTC goes up or down, the usual question is:
“What's the next price?”
‎
‎But price is a scoreboard.
‎It shows the result, not the cause.
‎
‎Better to ask:
‎
‎Who creates demand?
‎Where does the money come from?
‎Who is selling?
‎What about liquidity?
‎What happens to leverage?
‎
‎FACT —> price changes.
‎MECHANISM —> the balance of demand, supply, and liquidity shifts.
‎HYPOTHESIS —> the scenario becomes clearer.