They say that new whale investors will come in and buy a lot of bitcoin even if the price was too high at the moment but I have seen some news that this pump was due to banks putting their money on bitcoin right now then will pull out an amount that would make the price plummets down so they can buy again, This is kind of manipulative strategy regarding the much amount they have in bitcoin, well this is just my assumption regarding the pump that we are experiencing right now.
Dirty pool indeed.
Isn't this why we moved to crypto in the first place; to avoid bank interference?
Perhaps someone could track large BTC movements that may be attributable to City manipulation. (Known addresses.)
If this is not possible perhaps someone could lobby for full disclosure by the banks.
Perhaps trading sites should apply special rules to City institutions.
This type of market manipulation would not be considered legal with fiat currency markets so why should it be legal with crypto?
