Most bitcoin prices are tied to an average or a collection of what the top exchanges publish as the current bitcoin price. But who's actually moving their prices? From my understanding, retail users don't have the power to move prices in the short term. Whales supposedly are the ones who can make the price suddenly jump or drop...but they trade on OTC desks right? not on retail exchanges....so how are these Whale movements being reflected on retail exchanges to determine what the current bitcoin price is? Or are there actually some whales who use the exchanges to trade on?
Market demand is the strong reason Bitcoin bullish...
Bitcoin is in hype and it is predicted that it will pass through ATH so many are afraid to miss the moment. investors with small capital many appear in the current hype, demand for Bitcoin will continue to increase until the end of the year.