The Undisputed Power: How Centralized Exchanges Drive Bitcoin’s Price

Bitcoin’s price movement is a dynamic dance, constantly influenced by various forces. While the launch of Bitcoin spot ETFs has sparked excitement and brought new liquidity to the market, traditional players like centralized exchanges (CEXs) continue to wield significant power over the asset’s value. A recent analysis by CryptoQuant contributor Axel Adler Jr. reveals that these platforms remain a key driver of Bitcoin price action.