Not all of this development we discover that bitcoin market react towards, I can't deny the fact that they could be coincidence in some cases, but also be raised assured that institutional investors could not control the network, wild incidence of Iran and us war together with Israel does not also determine what we should expect when bitcoin is not controlled or moved by the inpact of inflation, those that mostly got affected in this manner and the traditional asset investors upon some of these companies you mentioned, remember bitcoin is decentralized and everything has to be based on its market supply and demand in respect to its season.
Of course, we can say that Bitcoin isn’t entirely reactionary to institutional activities, but we still shouldn’t negate the impact that they can have. Bitcoin’s protocol, though decentralised, still has its value (price) driven by classic supply and demand, with large institutional investors being a significant part of that demand
Economic events such as inflation, interest rate decisions, as well as ETF inflows don’t change how Bitcoin works, but they do affect sentiment. So, while its fundamentals remain independent of government and institutions, its market price in the short and mid-term remains influenced by the behaviour of large market participants