"Bitcoin OGs, NOT MINERS, are the real BTC price setters." This insight from suggests Bitcoin OGs have been dictating BTC price since 2024: "Bitcoin price went up because of demand from ETFs and the Trump election, which triggered a supply cascade from OGs after hitting that psychological achievement of $100,000." Rochard said that there's a clear supply and demand imbalance which was typically dictated by miners in the first 3 Bitcoin halvings. "If we just go back to economics 101, we've always talked about the mining getting halved, right? So then the supply is getting halved. The reality is that if you look at the marketplace, the exchanges, the volumes, they far surpass the quantity of Bitcoin getting mined," Rochard said. Check out the full conversation from Ep.1 of The Lumen Podcast on YouTube 👇 https://youtu.be/TMJxS-zoIdA?si=uprTKUJh_EBb3Jof