Still convinced that major exchanges don't move the needle on Bitcoin's price? Think again.

Consider this angle: which multi-billion-dollar asset class has generated the kind of returns you see in altseason cycles, yet finds itself delisted from virtually every top-tier exchange? Monero ($XMR) is the textbook example.

Here's what that tells you—CEX infrastructure isn't just about convenience. It's a price discovery mechanism. When an asset gets booted from major trading platforms, its price action reflects it. Liquidity dries up. Volume contracts. Real market demand faces structural barriers.

The alternative narrative? That exchanges are passive participants. Reality suggests otherwise. Listing decisions, trading pairs availability, and withdrawal restrictions directly shape which assets appreciate and which don't. The data's all there if you look at it.