Supply pure and simple. For the past few months entities below 100 BTC AKA hodlers have been accumulating about 2 and a half time faster than what can be put into the available supply between miners and exchanges. There literally isn't enough Bitcoin available to sustain an ETF at the prices Bitcoin is currently at. Prices have no choice but to adjust. It is going to be violent.

0000

mrtali

grayruby

kenn_b

bitcoin

I see a few different takes on why BTC is pumping: ETFs being filed, USDT being printed out of thin air, the hash rate skyrocketing, all the while some exchanges are under attack from the SEC. This seems like a complicated time, and I was just wondering what everyone thought was the main factor driving the price action. 