Do you think BTC and other coins that are major, their average prices are held by the Whales. Who really control the market?
they let it move or at least trigger buy and sell reactions from investors.
they know they could bring BTC to 1 dollar if they want, but wont cause too much is at stake?
your thoughts?
True, big whales / big players have intervened to tear apart crypto prices in the market in this quarter and bitcoin is their main target since december 2017.
It's not hard for them to drop the bitcoin to the lowest level for example $ 1 because to my knowledge they have a total of 40% bitcoin.
There is no evidence that "whales" control any markets, but obviously if they buy or sell large amounts, they cannot avoid affecting the market in at least a small way.
It was difficult to provide proof with detail, but in theory it makes perfect sense if they really have done it, together Tether who has launched his FUD attacks in various media.