China puts it up, then when they sleep everyone else puts it back down
But that's not simply possible in a high volume markets. I do not see only the Chinese hand in down as well only other people for down fall from $500+ levels. When China bought, more people joined them. When prices stated to slide down, the total bitcoin world tried to get a better price.
Yes. No single hand can not manipulate a billion dollar markets. But the group of Chines people across many bitcoin exchanges rapidly bought to make bitcoin testing $500 levels last month. But once market got movement the rest of the world has joined the race. That must a truth, we can not simply ignore.