Bitcoin's recent price movements show a distinctive pattern that resembles ETF trading rhythms. According to market observers, the current volatility isn't primarily driven by fundamental sentiment shifts, but rather tactical moves tied to tax considerations and short-term positioning. The so-called "heartbeat" effect in Bitcoin's price action reflects how institutional ETF flows create cyclical buying and selling pressure, distinct from organic market demand. This mechanism highlights the growing influence of structured ETF products on intraday Bitcoin volatility, decoupling price action from broader market conviction.