The underlying liquidity issues of Bitcoin are worth deep consideration. Often, what appears to be consolidation on the chart is actually a performance—large traders manipulating prices through block transactions and iceberg orders. This is the playbook of smart money; they control the market rhythm, making it difficult for retail investors to see through. The price may seem to fluctuate and consolidate, but in reality, institutions are quietly building positions or unloading. Understanding this logic can be very helpful in predicting the future movement of BTC.