Recent analysis indicates that Bitcoin (BTC) is facing price manipulation by large investors, often referred to as “whales,” which is keeping its value capped at around $87,500. Despite a strong support level of $80,000, the cryptocurrency’s growth is hindered by tactics known as “spoofing,” where manipulators influence trading orders. This has led to BTC struggling ...
Bitcoin is currently facing price manipulation, keeping its value capped at $87,500. Recent analysis from Material Indicators reveals that large traders, referred to as “whales,” are using tactics like “spoofing” to suppress prices and maintain stability. While Bitcoin has shown resilience at $80,000 support, it could potentially rise higher if not for these Market maneuvers. ...
In a recent report, Joe Consorti, Head of Growth at Theya, addressed rumors about Bitcoin’s price being artificially suppressed. He analyzed on-chain data, noting that long-term holders tend to sell their Bitcoin during price increases, which reflects normal Market behavior. Consorti explained that the current 100+ day price consolidation around $95,000 is typical and may ...
Bitcoin’s recent price movements have raised concerns among experts, who believe they seem “manufactured.” Since mid-December 2024, Bitcoin has traded between $92,400 and $106,500, even with significant institutional investments pouring in. Samson Mow, CEO of Jan3, noted this unusual pattern during a panel discussion at Consensus Hong Kong, suggesting the price stability indicates possible suppression. ...
