I think that the situation in the market is being manipulated by major players. What do they need it for? At this point are create large exchanges based on NASDAQ, for example. They need cryptocurrency assets in order to support the operation of the exchange.
Example. To do this, they purchased BTC at a price of $ 7500 in the amount of 1 billion (133 333 BTC) . Seeing this, ordinary people start buying BTC thus pushing the market up to the price of $ 8000 . Then the big players sell their assets completely and the price falls by $7,500. People seeing this in panic sell what they bought yesterday, the BTC rate falls to 7000 $ , and large players are bought again , but already in the amount of 1.06 billion ( 152 000 BTC ). And these cycles are repeated more and more recently. So they increase their cryptocurrency volumes. All calculations are for example and this is my personal opinion.
What do you think about this?
I do not think someone could actually manipulate the market this direct. What do I mean? I am saying that even if I am a major, big bully in the market and I am giant, it could be possible for me to affect the market, but not actually and directly manipulate it. Even if an investor buys a big chunk of the market, they alone cannot possibly drag the market down to the ground. I'm saying that there has to be something else at play.