#BitcoinBouncesBack $BTC BITCOIN’S 21 MILLION IS INCHAIN BUT THE MARKET PRICES PAPER. HERE’S WHY SUPPLY SCARCITY NO LONGER DRIVES PRICE.
If you’re still watching only spot flows to gauge Bitcoin’s direction, you’re trading in the past. Price discovery has moved.
The original thesis was simple: fixed supply, verifiable scarcity. Valuation was built on the movement of real coins.
That changed when derivatives volume overtook spot. Now, price reacts to leverage, positioning, and liquidation cascades—not just coin availability.
THE NEW LAYER: SYNTHETIC EXPOSURE
On top of Bitcoin’s immutable base