🔹 BINANCE BLOG VERSION
Why Bitcoin Keeps Dropping: What Most Traders Miss
This move in #BitcoinGoogleSearchesSurge $BTC Bitcoin isn’t driven by retail panic.
It’s not sentiment.
And it’s no longer a simple supply-and-demand story.
The $BTC Bitcoin market has changed.
Price discovery no longer happens primarily on-chain.
It happens in the derivatives market — where leverage, hedging, and positioning dominate.
#BitcoinGoogleSearchesSurge Bitcoin was designed around a clean structure:
A fixed 21 million supply
No rehyp othecation
No artificial leverage
But traditional finance added layers on top:
Perpetual futures
Options
ETFs
Lending and borrowing
Wrapped $BTC BTC
Swaps
We’ve seen this before.
The same shift happened in gold, silver, oil, and equities.
Once synthetic supply grows larger than real supply, price stops responding to demand.
Instead, it reacts to:
Positioning imbalances
Hedging flows
Forced liquidations
That’s why every rally looks the same: Sell strength → trigger liquidations → re-enter lower → repeat.
This isn’t a free market anymore.
It’s a fractional-reserve pricing system built on top of #Bitcoin.
You don’t need to agree with it — but understanding it explains why bounces keep failing.
#MarketRally Markets move before headlines do.