Still convinced CEXs aren't moving BTC prices and that underlying demand is organic? Think about this differently. Which multi-billion dollar asset has been delivering alt season returns while simultaneously getting delisted from nearly every major exchange? The answer: $XMR. The pattern speaks for itself—when certain assets gain traction outside centralized venues, the narrative shifts quickly. This suggests centralized exchanges aren't just passive market makers; they're active participants shaping which assets thrive and which get sidelined. The correlation between $BTC price movements and CEX trading flows raises legitimate questions about market structure and who really controls price discovery in this space.