Lee Jucoin
Lee Jucoin2025-09-06 08:56

“Mythical market makers” controlling Bitcoin — but who really drives BTC’s price in 2025? 🤔

I think that it’s not just one player — it’s a mix of whales, developers, governments, and macro forces:

🐋 Whales still move volume, especially in illiquid markets — institutions like BlackRock and Strategy together control 6% of BTC’s supply.

🛠 Developers shape the protocol — upgrades like Taproot, Ordinals, and upcoming OP_CAT / covenants create new demand and narratives.

🏛 Governments & regulators can’t control Bitcoin, but they move sentiment — ETF approvals, wallet surveillance, and rate cuts all influence flows.

📊 Macro factors — liquidity, interest rates, and dollar strength — define the risk appetite.

In 2025, Bitcoin’s price is less about one central force and more about constant negotiation between institutions, builders, traders, and regulators — all amplified by retail sentiment.

It’s not manipulation. It’s a decentralized tug-of-war.

#Jucoin #Bitcoin

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Lee Jucoin

2025-09-06 08:56

“Mythical market makers” controlling Bitcoin — but who really drives BTC’s price in 2025? 🤔

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Glassnode reports that the average Bitcoin supply per whale!🐳🐳[{"type":"paragraph","children":[{"text":"Glassnode reports that the average Bitcoin supply per whale (holders of 100–10,000 BTC) has dropped to around 488 BTC per whale, a level last seen in December 2018. 📉"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"In my view, this is an important signal for the market. On one hand, it could indicate that large holders are taking profits after recent highs. On the other hand, it may reflect a liquidity redistribution toward smaller investors and institutions, especially with growing ETF inflows."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"If whale holdings continue to decline, we’re likely looking at two possible scenarios:"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"1. Bullish 🟢 — broader BTC distribution could reduce volatility and strengthen the market’s foundation."}]},{"type":"paragraph","children":[{"text":"2. Bearish 🔴 — if this trend signals active profit-taking, we might see more selling pressure ahead."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Personally, I lean toward this being a redistribution phase, not a sign of capitulation — but holding $100K support remains crucial to avoid deeper corrections."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"Jucoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Bitcoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Glassnode","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"BitcoinETF","children":[{"text":""}]},{"text":" "}]}]
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