The market started to rise because someone pumped BTC up 1000 USD in 5 minutes!

[jamesashmore1964]

This pump got the market moving but the momentum is still not enough!

[1715215972]

1715215972

[1715215972]

1715215972

[1715215972]

1715215972

[Crypto_lion]

This is exactly what I don't understand . How.can someone pump the price in such a little time ? And i read it had some relation to futures expiring, will the same happen in couple of days ?

[jamesashmore1964]

This is exactly what I don't understand . How.can someone pump the price in such a little time ? And i read it had some relation to futures expiring, will the same happen in couple of days ?

This market is dangerous.
If BTC goes below 9K this market will make a big correction!
The pump got rid of the shorts on BTC paving the way for the market to go up!
But
Now the market is undecided where to go!

[Vit83]

Most exchanges follow one with the biggest volume. So to move the price everywhere you don't need to trade everywhere) BTC price is an indicator now. All other alts follow it. When the price started to grow all shorts started to close) And price started to grow faster) Volume was huge)

[mitrajkt]

This pump got the market moving but the momentum is still not enough!

What kind of pump is it?
Is it like buying most of the coin stock in btc?

[liuqi]

This pump got the market moving but the momentum is still not enough!

Bitcoin is a long term effective investment so this is slowly pump in the market. But we don't predict the future possibilities of Cryptocurrency because everything is depends on the current situation so this is really promising platform if you investing in this coin. It will make big success in future.

[jamesashmore1964]

This pump got the market moving but the momentum is still not enough!

What kind of pump is it?
Is it like buying most of the coin stock in btc?

Easy way to say is this way:

They bought a lot of coins on the open market: This pushed the price up. When they did this a lot of people had already SOLD coins on the futures market wanting to buy bitcoin at a Lower price to honor the coins they bought at a high price: thus making a profit. The pump sent BTC higher destroying their positions and they lost a lot of money. In addition the pump caused many alts to go up 100 percent.

If the pump team had bought ETH, Cardano, Ripple, etc the pump squad would have also made money on these. They have slowly sold of the BTC at a profit and this most probably gave them positions in the alts at no cost. They were hoping the market would have gained steam but this has not been the case. This is a classical George Soros play in my eyes!
He has the money to move markets like this.

[jamesashmore1964]

This pump got the market moving but the momentum is still not enough!

What kind of pump is it?
Is it like buying most of the coin stock in btc?

Easy way to say is this way:

They bought a lot of coins on the open market: This pushed the price up. When they did this a lot of people had already SOLD coins on the futures market wanting to buy bitcoin at a Lower price to honor the coins they bought at a high price: thus making a profit. The pump sent BTC higher destroying their positions and they lost a lot of money. In addition the pump caused many alts to go up 100 percent.

If the pump team had bought ETH, Cardano, Ripple, etc the pump squad would have also made money on these. They have slowly sold of the BTC at a profit and this most probably gave them positions in the alts at no cost. They were hoping the market would have gained steam but this has not been the case. This is a classical George Soros play in my eyes!
He has the money to move markets like this.

There is someone out there with a lot of cash manipulating these markets: They are professionals.

[adroitful_one]

This is exactly what I don't understand . How.can someone pump the price in such a little time ? And i read it had some relation to futures expiring, will the same happen in couple of days ?

It's pretty simple really. There's Bitcoins on lots of different exchanges. Let's say usera123 deposits $1,000,000 to binance. He then uses his $1,000,000 to buy Bitcoin. This will cause the price to jump up almost instantly on that exchange. Then, you have people trying to buy Bitcoin on a different exchange and sell them on the first one for a bit of profit. This causes the price to balance itself out among all the different exchanges.

[Mahanton]

This is exactly what I don't understand . How.can someone pump the price in such a little time ? And i read it had some relation to futures expiring, will the same happen in couple of days ?

It's pretty simple really. There's Bitcoins on lots of different exchanges. Let's say usera123 deposits $1,000,000 to binance. He then uses his $1,000,000 to buy Bitcoin. This will cause the price to jump up almost instantly on that exchange. Then, you have people trying to buy Bitcoin on a different exchange and sell them on the first one for a bit of profit. This causes the price to balance itself out among all the different exchanges.

This is simply doing arbitrage which is a common way on making profits out of price gaps on between exchangers and the thing you do said was true where prices do balances itself because traders will normally go along to trade it.Pumping up a price to an exchange is possible anytime since there are lots whales existing into this market. Decision would always depend on them.

[CLywaTeLb]

The technical reason for the April 12 pulse is unknown to me. But this impulse seems to me interconnected with the rise of the ether and the flow of good news. The crypto market is conducted by someone, it is obvious.

[kryptqnick]

What are you talking about? Today the price was generally up to $9300 and is now $9100. When was this $1k upward thing you wrote in the name of the thread?
I don't think it is possible to change the price so much anyway. Trading daily volume of bitcoin is 6.8 billion dollars, which means that one needs at least close to a billion to make a real difference. The pump can also be triggered by some good news, but that's not the same. And the price situation isn't good now anyway. I knew the price wasn't a lot about $9k but after reading the op I thought that it might've changed already. Now I'm disappointed.

[justin86]

This is exactly what I don't understand . How.can someone pump the price in such a little time ? And i read it had some relation to futures expiring, will the same happen in couple of days ?

That's about the money one has, not about him, you can pump the market as well in a minute if you have enough money. But if market is gonna crash, don't think you can stop it even you have lots of money.

[didzi]

This pump got the market moving but the momentum is still not enough!

sounds interesting for me,
but, how did you know about this mate ?
are you a part of this pump group

[tabas]

This pump got the market moving but the momentum is still not enough!

What? the market pumped and bitcoin is up now with $1,000 in 5 minutes? Can you explain on how did it happened if the current price of bitcoin is somewhere $9,000 - $9,101.
So it should be $10,000 now but what are you trying to say here? There's no pump that happened, we are in correction so you are giving a misleading information or you are speculating that there will be a 5 minute pump in the upcoming days?

[shinratensei_]

This pump got the market moving but the momentum is still not enough!

Man, where are you seeing that? because i can't see any 1k movement at this week. It looks like someone was pumping it when the price was around $7k rate and this time bitcoin still steadily increase but sometimes it looks like bitcoin is getting stuck at $9k rate because it can't break $10k rate. This will gonna be long-term plan.

[kul0n]

Is the transfer of such a small amount can somehow affect the price of bitcoin? I think this is very small

[Suslived]

This is exactly what I don't understand . How.can someone pump the price in such a little time ? And i read it had some relation to futures expiring, will the same happen in couple of days ?

They have that much money. Some people place a large volume buy order that eats up all sell orders which in turn causes the price of a certain coin to appear higher. Most of the time though, this is just easily countered by another large sell order of the same volume. It's when times that the buy order is so huge that no other active trader at the time can counter it is when the price of a coins stays higher.

[anggriani]

I think the pump only takes place in one exchange only, if in all exchanges then I can not imagine how much money will be spent.