What is the nature of the rise in Bitcoin?
It is the number and circulation.
For example, three or four years ago, there were about 300,000 domestic currency coins, but now it may be 10 times. This is the logic of digital currency appreciation.
However, the wave of ETH's skyrocketing is totally illogical. Whether it is the value of smart contracts or its own user groups, there has been no significant increase.
It is very obvious that this is a forced injection of large funds from outside and the increase of high liquidity in the short term. Since 2 months later, funds have been withdrawn and prices have naturally returned.
This middle of manipulation is very brutal.
The logic is not complicated to say. Manipulators face the capital to buy short positions, private capital first to buy high, and then sell the market, making money on both ends.
For example, the futures market is now $20,000 and the manipulator is shorting $8,000. This is obviously wrong because the current price is very high. But before he was short, he actually bought a lot of goods, for example, he might start at $6,000 and have enough capital to pull up.
After that, he immediately saved 3 million Bitcoins, plus a large sum of money went to the futures market and started to raise the currency price.
The currency circle is the easiest to follow suit, and after soaring, it is skyrocketing. The leek madness follows along with buying, pulling the price to a vertex.
In this way, the harvest plan is half successful.
Next, the manipulator will sell the currency at 20,000 U.S. dollars, and it will be successfully placed. At the same time, they are short-selling in the futures market.
Next, there is one left in the target, and the price is returned to 8,000 US dollars, and the stock is sold short.
Watching the ETH trend chart is easily found to be the result of human manipulation. If it is a market action, it should be a slowly changing state rather than a waterfall.
If you play the stock market, it is clear that this is obviously the control panel. Under normal circumstances, it must be investigated: Where is the source of funds? Why do you want to do this?
But this is a no-ownership market. There are people in the bandits who have no supervision.
Of course, there will be a self-repair in all the markets. There are always leeks that can be taken at the bottom, so there will be signs of a rebound.
However, behind the futures market, it can rebound and then reverse to do more, and then reverse the short, reap quite bloody.
Who is the man in the dark?
There is no concrete evidence at the moment, but people in the industry believe that it is the wealthy people on Wall Street.
This is also reasonable.
Wall Street has always accumulated a lot of wealth by cutting the world's leeks. As early as 2011, the international gold market, Wall Street through the cutting of global leeks earned full; in 2008 the United States subprime mortgage crisis triggered a global financial crisis, Wall Street by hyping the Fed QE quantitative easing on the occasion of large speculation of gold, and then gradually obtained in the high position Lee withdrew.
In the past, Wall Street was not so bold in digital currencies because formal capital cannot buy a digital currency because that is illegal assets.
Today, after the United States has futures, it can buy shorts without the need for long-term digital currency.
This harvest is a drama that spreads around the world. Japan and South Korea are also very miserable. According to news, a Korean student jumped suspiciously.
The reason behind this fall is because of the dumping of ether in the market. There is so much supply now and although we don't don't have evidence, i can say that there are people who are manipulation the cryptocurrency's price.
