I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".
What's the probability that that can be true?
I'm wondering this, though obviously it's gone past that point now. The premium is actually in the negative at present if you put their withdrawal fees on top.
It could be pondered that the previous bubble kicked off EXACTLY when Bitfinex lost their banking around the $1000 mark.
I know everything needs a catalyst but it would be nice if it were a more wholesome one.