The mechanism exists but I didn’t say it was active. I see the mechanism being put in place right now by the absence of a spot ETF while futures ETFs get approved.

I think the suppression becomes an imperative when BTC comes close enough in size to threaten nation state reserve currencies, so $500k - $1m per coin.

For this reason the I think there will be a reserve currency resistance level which will act as a ceiling until it’s broken after which BTC price accelerates when fiat collapses under its own weight.