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

- we’re now - as many are calling a bear market - heading into the conditions where BTC historically actually pumps