Why Does #BTC Price Move Quickly in a Bull Run?
Bitcoin’s price fluctuates a lot during a bull run because of high volatility, which means its value changes quickly. This happens due to market psychology and supply and demand. In a bull run, many people rush to buy Bitcoin, believing its price will rise even more, creating a buying frenzy. As demand increases and supply remains limited (Bitcoin has a fixed supply of 21 million coins), the price surges. However, when the price rises too fast, some investors sell to secure profits, causing sharp drops. This cycle of buying (FOMO: fear of missing out) and selling (profit-taking) repeats, leading to big price swings. As Bitcoin is traded 24/7 worldwide, its price reacts instantly to news, social media hype, and large investors (whales), making it even more unpredictable.