I think that itâs not just one player â itâs a mix of whales, developers, governments, and macro forces:
ð Whales still move volume, especially in illiquid markets â institutions like BlackRock and Strategy together control 6% of BTCâs supply.
ð Developers shape the protocol â upgrades like Taproot, Ordinals, and upcoming OP_CAT / covenants create new demand and narratives.
ð Governments & regulators canât control Bitcoin, but they move sentiment â ETF approvals, wallet surveillance, and rate cuts all influence flows.
ð Macro factors â liquidity, interest rates, and dollar strength â define the risk appetite.
In 2025, Bitcoinâs price is less about one central force and more about constant negotiation between institutions, builders, traders, and regulators â all amplified by retail sentiment.
Itâs not manipulation. Itâs a decentralized tug-of-war.
#Jucoin #Bitcoin
Lee JuCom
2025-09-06 08:56
âMythical market makersâ controlling Bitcoin â but who really drives BTCâs price in 2025? ð€
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