I see so many people make the amateur mistake of trying to be overly rational and logical. The market is not designed to move in a way that can be neatly defined by logic. If it was, everyone would win. It is designed to behave in a way that confuses the majority, because if everyone could rationally predict every move, everyone would win. Hence everything would be predictable. You should not be trying to rationalize an irrational market. BTC does not move because it should correlate with a specific metric, headline, or macro narrative. That is exactly why so many people lose money in a bull market... In a bull market, the market can remain irrational far longer than people expect. It can keep pushing higher while every "rational" metric tells you it should not. Some advice... switch that part of your brain off for the next 1.5 years.