Bitcoin (BTC) struggled to hold more than $ 98,000 since February 6, urging investors to guess the lack of optimistic propulsion. Some analysts claim that the price of Bitcoin is being “manipulated”, but in reality, many factors form a transaction feelings including regulatory development and global economic conditions.
Technical analyst James Cryptoguru warned the followers on “Crypto’s large -scale market manipulation” on January 10, and Bitcoin Spot Exchange Transaction Fund (ETF) applied a downturn on asset prices according to traditional finance, “liquidating” It claims to be used to do it. The market was kept closed.
source: Jamyies
Under this assumption, these groups must lower the price of Bitcoin to clear the leverage buyer using derivatives such as BTC futures. This strategy accelerates the shortcomings by creating a temporary market interruption, while the so -called “operator” accumulates Bitcoin and ether at a discounted price.
Large -scale execution of cryptocurrency is not illegal.
This approach is a significant risk because Bitcoin’s price fluctuations are not always matched after the US market opens over weekends and overnights. Constant news and data flow can change investor feelings and affect large spells in the short term, but we cannot provide guarantee that the effect will last for more than a few minutes or hours.
Other analysts, such as “Vincent Van Code,” collide with the “Whale Chat Group” using the “sophisticated bot” and “war box”. Some theory suggests that Binance acts as a participant or master in the background of the apparently adjusted price drop in several assets, including Bitcoin and XRP (XRP).
source: Vincent_vancode
This rumor has not been proven entirely but cannot be excluded. There is no way to make sure that a large company is working with or if Binance is in a direct relationship with the market producer. However, even if some players have a privilege of liquidation and have a privilege of hidden orders for exchange, there are each other’s leading incentives rather than acting as a whole.
There is nothing illegal even if the group adjusts large -scale orders without special exchange access. In particular, it can be considered that cryptocurrencies such as Bitcoin, Ether and XRP are not classified as securities. The same logic applies to a single fund administrator with $ 100 million in encryption.
Vanguard, Black Rock, Fullness and Capital Groups greatly affect the market.
According to MorningStar, in traditional markets, Vanguard, Blackrock, Fidelity and Capital Group controls 57%of open -end mutual funds and ETFs. Executives’ assets are combined in $ 29 trillion, which can easily affect the market across stocks, bonds and products.
source: KEN PAXTON, Attorney General Texas
In November 2024, Ken Paxton, the Attorney General of Texas, filed a lawsuit against the world’s largest fund managers and accused the company that he manipulated the energy price through a cartel to manipulate the coal market. Similarly, in October 2024, Toronto-Ominon Bank’s US broker agreed to pay more than $ 20 million to solve the alleged financial market manipulation.
This is entirely accurate in connection with the claim that the bot is used to operate several tokens across multiple tokens. Bitcoin continues to dominate the market with a 64%share (excluding Stablecoins), which maintains a very high correlation with Altcoin price. As a result, most market manufacturers and arbitrage desks adjust Altcoin positions as Bitcoin’s price fluctuations.
relevant: The Czech Central Bankhead said that it should be studied without fear of Bitcoin.
In a similar way, price fluctuations in major technology companies such as Microsoft and NVIDIA often affect a wide range of technical sectors. Without certain news or events, traders tend to follow the leaders of automated trading strategies and bots generally the first reaction. Therefore, the fact that the entire Cryptocurrency market is often synchronized is not particularly.
The price of Bitcoin is expected to escape from $ 95,500 to $ 98,000, which is integrated after February 5, and Altcoins is likely to follow the trend. However, market manipulation is difficult due to the depth of $ 35 million for Bitcoin Spot Transactions on major exchanges such as Binance and Coinbase.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.