What's driving the current price action in your opinion? Forced liquidations? The buying spree these treasury companies are ostensibly on does not seem to add up with the current price level

Yes, I think treasury companies from what is presented are actively buying and hodling, Bitcoin Plebs as well - DCAing and hodling but I think the economy is not in a good shape and Bitcoin as a true signal is showing. My guess is that Wall Street is selling Bitcoin to get quick liquidity. I need to check what are the ETFs doing but there may be some outflow. Actually I checked now. You can see yesterday ETFs sold 4800 Bitcoins, on 15th 921, on 13th 2840 ... so those are about 8500 Bitcoin sold in 3 days just from ETFs. A couple of days ago stocks were in a red bloodbath and some still are. Bitcoin is part of the market so demand and supply defines the price but Bitcoin is the hardest limited money on planet Earth so nothing stops this train going to the Moon. See what Jack Mallers is saying.