Drivers of bitcoin price?
I've been around crypto for some years now, and tried to come up with a list of drivers for BTC. I wanted to hear feedback and if anyone else has done anything similar.
- US CPI (expected vs actual)
- US PPI (minority sales - expected vs actual)
- DXY index
- Options put vs call interest
- Futures open interest
- BTC whale addresses holding --> I struggle to find any place to easily see this one though. I usually end up relying on news
Any other items? I would say first 2-3 items affect the whole market, as BTC is ultimately very correlated to traditional markets (i.e. stocks).