At $2.1T market cap, what causes Bitcoin price to move up or down in 2025?

Behind every wild Bitcoin candle in 2025 is a quiet shift in collateral, basis, and ETF flows. Funding rates, margin haircuts, and spot ETF hedging now have as much impact on the price as any macroeconomic headline. Collateral settings across futures and lending venues influence the Bitcoin spot price through forced hedging and liquidations. The The post At $2.1T market cap, what causes Bitcoin price to move up or down in 2025? appeared first on CryptoSlate.