Is Bitcoin’s Price Being Manipulated?

Is Bitcoin’s Price Being Manipulated?

Here’s a whale who during sleepy volumes decided to shake things up, buy bitcoins in bulk, volume increases, let it go back to sleepy sideways, then crash everyone’s hopes of a recovery. The sudden increased volume is what might give it away. Within one minute, that spiked. Just as did price, up by around $500. Volume then returns to where it was, with price maintaining the new level for some hours. Then, red volume rises to near the initial green volume levels. Price returns back to where it was. This is one way to profit. Trading, of course, is a zero sum game. Worse, due to exchange fees. In the long run everyone loses day trading, only the exchange wins. But not if you can fool other traders.

Another way is to manipulate the spot price so as to profit from futures. Wall Street has entered this space now, and they’re very much the masters of it.

Painting Technical Analysis patterns in short term intervals on social media can be one way to fool.

These are known manipulations and you never know how many are there behind the screen...