Obviously Bitcoin price; the amount Bitcoin is worth at a particular time, and Bitcoin usage; the rate at which Bitcoin is adopted and used. The above phenoms surely has implications, one may be tempted to as; which is more important? The interesting fact is, price affects usage both positively and negatively. An increase in price attracts high usage, and vice versa. Conversely usage also affects the long term pricing of Bitcoin. Price has short term implications, usage and acceptance has long term implications. From the aformentioned, I can conclusively say; Price and Usage are phenoms that can influence the volatility of Bitcoin
I believe that Bitcoin usage has very little effect on its price. Remember examples like Litecoin or Tron, when the Bitcoin network was polluted and severely paralyzed by Ordinals. The prices of the above-mentioned altcoins did not change, although I bought them with the expectation that because everyone started using them vigorously, the prices of these altcoins would start to rise. But this did not happen. Therefore, I believe that the statement that Bitcoin's price is related to its usage is incorrect.