Since February 6, Bitcoin has struggled to stay above $98,000, sparking speculations about the reasons. Some analysts suggest manipulation via spot ETFs.
Spot ETFs and Market Manipulation
Technical analyst James CryptoGuru warned of 'massive market manipulation' via spot ETFs, which are allegedly used to depress Bitcoin prices temporarily, allowing manipulators to buy cryptocurrencies at lower prices.
Impact of Large Order Executions
In the cryptocurrency markets, large order executions can create short-term price swings but are not always indicative of sustained changes. Other analysts attribute these movements to 'whales' using sophisticated bots and 'war chests.'
Role of Big Companies in Traditional Markets
Firms like Vanguard and BlackRock significantly influence stock and bond markets. In 2024, they faced a lawsuit for alleged manipulation of coal prices. This highlights that large players can affect markets to their advantage.
Bitcoin's current consolidation might end in a breakout, but manipulation via large orders and ETFs remains questionable. The cryptocurrency market situation calls for careful monitoring.
