Bitcoin's velocity offers crucial insights into its economic role—essentially revealing whether it serves as a speculative medium or a store of value. Recently, this measure has plummeted to levels last seen over a decade ago, coinciding with the US Presidential elections. However, despite this decline, Bitcoin's price skyrocketed past $101,000, setting a new all-time high. What external factors might be fueling this explosive price rally in the face of reduced on-chain activity? Discover how institutional demand and other market forces are reshaping Bitcoin's dynamics...