Recent Bitcoin Volatility due to Binance Hack ? Market Manipulation

[rodel caling]

There nothing such relations bettween binance hacking and this bitcoin price increase because aside from binance there have so manny exchange have huge funds and also a popular and respectable.I think no connection what you want to relate bitcoin and binance incident.

[pixie85]

The bibance coins weren't sold yet so they weren't able to affect the market. The turn from bear to bull is natural and comes after more than a year of lower lows and panic selling. Many analysts were saying that the big fall from 6000 was the last leg down and it was.

Was the short reversal in July 2018 also a manipulation? Bull and bear must follow one another there can't be only one

[pooya87]

as it was mentioned Binance as an "altcoin exchange" has no effects on bitcoin price. the bitcoin price has always been determined on its own bitcoin exchanges for instance exchanges such as Coinbase, Bitstamp, Kraken, Bitfinex,... specially since altcoin exchanges such as Binance do NOT even have a fiat market and the "fiat lookalikes" do not count.

but another things you are missing out is that if anything, the price should have fallen not risen because what the hacker has is bitcoin and the only thing you can do with having bitcoin (instead of fiat) is to sell and sell causes drop not rise. if he had stolen fiat then you could have said he is injecting that fiat in the market and "pumping" the price which is obviously not the case!

[Bibite]

It started before the Binance hack, and it was small for an exchange like Binance. Nobody talks about but I think one reason could be Fidelity. Quite possible.

Cheers.

[Malsetid]

The bibance coins weren't sold yet so they weren't able to affect the market. The turn from bear to bull is natural and comes after more than a year of lower lows and panic selling. Many analysts were saying that the big fall from 6000 was the last leg down and it was.

Was the short reversal in July 2018 also a manipulation? Bull and bear must follow one another there can't be only one

Yeah and that hack didn't show any negative effect at all as far as i can remember.  Gone are the days when what happens to an exchange affect the market largely. Even if binance is considered to be the biggest exchange now, btc movement didn't and won't react that much. Probably if binance closes down entirely then we can have this discussion.