⚠️ BITCOIN SELL-OFF EXPLAINED: IT’S NOT RETAIL PANIC

This move in $BTC isn’t about simple supply and demand. The traditional scarcity narrative is being challenged as price discovery increasingly happens off-chain.

Key dynamics at play:

• Derivatives now lead price, not spot markets

• Synthetic supply is created through futures, swaps, options, and ETFs

• A single real $BTC can effectively support multiple paper claims

This isn’t organic selling — it’s inventory manufacturing. Leverage is used to short strength, trigger liquidations, and cover lower.

Price is reacting to positioning and leverage, not pure demand.

Trade the structure — not the illusion.

BTC

66,474.02

-1.75%

#Bitcoin #Derivatives #SyntheticSupply #CryptoMarkets #Binance