who actually moves the price of bitcoin?

[Krabby]

Most bitcoin prices are tied to an average or a collection of what the top exchanges publish as the current bitcoin price. But who's actually moving their prices? From my understanding, retail users don't have the power to move prices in the short term. Whales supposedly are the ones who can make the price suddenly jump or drop...but they trade on OTC desks right? not on retail exchanges....so how are these Whale movements being reflected on retail exchanges to determine what the current bitcoin price is? Or are there actually some whales who use the exchanges to trade on?

Demand dude.. it's always has been the demand. Even the high companies that adopts and uses Bitcoin wouldn't give such pump impact if the demand would be lesser. Trading tends to depends on how much the liquidity is and what would be the demand. Once they are both huge, expect the market either going sideways or up above. Hence, it's not really "who" that moves the price, its "who are".

Meanwhile, whales do also have a huge effect in the price, but it will be much effective when it would be combined with proper marketing and social media articles to hype up the people, making the demand go more and more.

It's not really a need. As far as I know crowds are people who have a lot of money, but are very passive. Because they're all alone hunting and that won't make a big wave.
I think that the institutions that manipulate the crypto market are the main reason. KOLs, also known as whales, always post on their social media sites to shill or fud about Bitcoin according to their strategy. That makes the crowd skeptical about the price of Bitcoin, then whales just use an amount of about 1000-2000 BTC is enough for the crowd to sell off.
So Bitcoin sell-offs or pumps are all related to the psychological manipulation scheme of the crowd, not according to demand.

[Mrengage]

Bitcoin is one coin I don't think an individual can push the price, I believe you know the Happenings around the globe, Fundamentals can push a coin so hard you wont expect. Just like we have the altcoins season. Previously we have seen how the market crashed so serious that lots of traders pull out due to all the FUD (bad news) which is still another act of Fundamentals.

[Yamifoud]

We can point to a person who did this, not the whales but all of us who are involved in the crypto space.

We are a part of these changes, people never dump their Bitcoin, companies are accumulating more, and whales are in the support. The market price moves high as we all make such inflation. But the question is, how these people keep on holding? It for sure someday one of them will dump their Bitcoin and that it starts people to sell then (panic selling).

I hope I can no longer hear FUD's this time as this is usually the cause of dumps and panic selling.

[death69]

We can point to a person who did this, not the whales but all of us who are involved in the crypto space.

We are a part of these changes, people never dump their Bitcoin, companies are accumulating more, and whales are in the support. The market price moves high as we all make such inflation. But the question is, how these people keep on holding? It for sure someday one of them will dump their Bitcoin and that it starts people to sell then (panic selling).

I hope I can no longer hear FUD's this time as this is usually the cause of dumps and panic selling.

I agree with your point. We are the cause in accretion of bitcoin and we will continue to do this as long as bitcoin exists

The volume of bitcoin is very stable and I can ensure that there will be no FUD in the near future. Today, investors are smarter and they will not let 2017 happens again. Therefore, try to accumulate more bitcoin if you want a really good profit.

[matchi2011]

Bitcoin is one coin I don't think an individual can push the price, I believe you know the Happenings around the globe, Fundamentals can push a coin so hard you wont expect. Just like we have the altcoins season. Previously we have seen how the market crashed so serious that lots of traders pull out due to all the FUD (bad news) which is still another act of Fundamentals.

FUD's really hurt the  market since everything under crypto market are mostly based from speculations, people mostly being moved
by news and certain trends that happened around the market.

For now, it base from how supply and demand works, the more traders the more it will move from both directions, more holders means
more chances of high value while more dumpers means lower value.

[seleme]

We can point to a person who did this, not the whales but all of us who are involved in the crypto space.

We are a part of these changes, people never dump their Bitcoin, companies are accumulating more, and whales are in the support. The market price moves high as we all make such inflation. But the question is, how these people keep on holding? It for sure someday one of them will dump their Bitcoin and that it starts people to sell then (panic selling).

I hope I can no longer hear FUD's this time as this is usually the cause of dumps and panic selling.

Big guys buy/sell the BTC in batches and small traders just contribute to the demand/supply. One day the buy order turns out to be a sell limit order or vice versa. The HODL is not always an option and the traders in financial organizations are smart enough not to sell early before the real market trend. This is the key answer to your question, IMO. The sell and buy stop-limit orders can be a life savers of the traders in volatile crypto markets if applied correctly but not all crypto traders have the same level of deep market experience.

[Zemomtum]

New institution, big investors and newcomers that are just getting into digital currencies' era are the one that moves the price often. The demand is higher than the limited supply of BTC, there is nothing we should expect than the price to drive crazy as we are having it presently.

[tbterryboy]

It’s not really the exchange that is setting the price, it’s more like the market is the one that determines the price of the cryptocurrency. Have you tried to check the price of Bitcoin on different exchanges or websites on a particular day? If you check you’re going to notice that the prices they are setting is usually different.

Exchanges are setting their own price of Bitcoin depending on the activities on their platforms. So, it’s then up to Indexes to gather the prices from all of these exchanges and then they will use what they have gathered to average the price you will see. I think you should look for an article that’s going to break this down properly for you to understand.

[New.in.trading]

I believe in BTC USD the real market mover is Emotion and media hype. So to me, the question is, who controls the emotions and triggers the hype?

The whales should be aware of the sentiment, and try to control the news and the emotions just the same. The can achieve this by flooding the market with their BTCs, or by buying whatever is on the table. Every now and then, they will use some Supply and demand techniques, to keep retail traders interested, but after all, they only want to grow their accounts. As they have the power to control supply and demand, they have the power over emotions, such as FOMO. What they have not much control over is, the social acceptance of BTC in the world, but they should be trying to get involved there as well.

So right now, if I was a whale, I would pay a shitload of so called experts and reporters and magazines, to get some FOMO going in the markets. Then I could sell some of my BTCs to all the FOMO guys and aquire more and more BTCs as time passes by.

Do not forget that banks are also trying to control BTC prices, with their futures... and the doe have a shitload of money to short the hell out of BTC.

[$crypto$]

New institution, big investors and newcomers that are just getting into digital currencies' era are the one that moves the price often. The demand is higher than the limited supply of BTC, there is nothing we should expect than the price to drive crazy as we are having it presently.

Whales are often the cause of the price movement of bitcoin and when there are also new investors and users of bitcoin, the demand becomes high so definitely the price also increases. There are times also that bitcoin price suddenly dump it is because whales tend to dump bitcoin and makes the people in the crypto market rush to buy bitcoin at its low price.

Maybe with now a lot of new investors are arriving and the demand is increasing and there are few whales under control it could be, but what causes this can happen when the pump has to be at the end of the year?
Now it's so easy to go up to a higher level maybe the whales have already prepared how to do it I don't want it to be the previous thing when new investors enter and the price is just thrown away, this is what we need to correct which will be a big risk .

[maldini]

They believe it's a finished mop up and wouldn't have any desire to miss a bit of the cake. You know, that is the reason a great deal of brokers and little speculators will purchase in at ATH without knowing it. I think trades themselves address consideration at whatever point an immense cost spike shows up, iirc simply like in the accident back in March, a few trades didn't permit exchanges to experience because of the gigantic accident that occurred.

[yohananaomi]

New institution, big investors and newcomers that are just getting into digital currencies' era are the one that moves the price often. The demand is higher than the limited supply of BTC, there is nothing we should expect than the price to drive crazy as we are having it presently.

the huge demand from traders who have seen that the prospect of what will happen with bitcoin is in sight, so they will not miss this opportunity in an instant.
We know that after the halving, it is certain that the supply will decrease so that the price clearly cannot be controlled anymore because of the considerable demand.
it could even be that next year the price will be crazier than it is at this time it could be even greater when 2017 experiences that increase.

[blckhawk]

The ones that can move the price of Bitcoin are of course those who have large amounts of Bitcoin, usually large companies
and whales that make the Bitcoin price move. The problem is how to increase demand for Bitcoin, so that many large companies
buy Bitcoin. If many companies buy Bitcoin, it will definitely make the Bitcoin price go up even more.

Definitely, so in short the rules of demand and supply. Whales, institutions, and us the normal buyers could technically have an impact on the price movement of Bitcoin.
Whales do really make drastic changes in the market, if they dump their holdings expect that there will be a higher supply means Bitcoin will fall and vise versa if they procure, they are more likely the biggest manipulators followed by institutions or big organization and then us the contributors. Those big individuals are the one who made a trend and we are just going along with it

[el kaka22]

You can find a "reason" for the demand but it doesn't change the fact that it is still demand that increases the price of bitcoin. Considering companies who spend hundreds of millions of dollars on buying bitcoin won't do that on any regular market like binance but will do that OTC even if from multiple sources, that means it is not going to be seen in the market and change anything, it will be private and not change the price.

However their "news" could impact the price, which I do not think matters all that much but many people assume it impacts the price for some reason, that still means we needed a reason to increase the demand and that increased demand caused it to go up. So as long as there is any demand, the price will go up, doesn't matter what the reason is.

Whenever people say these type of things for any market, I imagine like there is this "consortium" of people whose faces we do not see in their suits all trying to ruin the markets for people while trying to make themselves rich to control the world and destroy the humanity as we know it making everyone their slaves. Then I realize, well that is basically what it is right now, sure we get like salaries and we can resign from any job we want and move to other job, but looking at the world, there are few thousand families who basically control everything and we are slaves to them, they just pass us between each other and that's about it.

So, I am sure some of them controls or will control the bitcoin price as well one day making us think we have a choice or we matter but in reality, all of that will be fake.

[cheezcarls]

I believe that the crypto whales are the ones that manipulate and control the market (and maybe a bit on institutions like Paypal, JP Morgan, etc.). They would simply took advantage of the news that is going on in the cryptocurrency market. If there’s good news, they’re gonna pump it. But if not, it goes the other way around like what happened most of 2018.

[Dollar_Hunter]

an interesting question, Bitcoin is the same system as gold, if gold is physical,
it's the opposite, bitcoin is without physical, which is of course because of market demand,
if bitcoin is increasingly popular then the market moves quickly too, just like gold.

[Renampun]

Most bitcoin prices are tied to an average or a collection of what the top exchanges publish as the current bitcoin price. But who's actually moving their prices? From my understanding, retail users don't have the power to move prices in the short term. Whales supposedly are the ones who can make the price suddenly jump or drop...but they trade on OTC desks right? not on retail exchanges....so how are these Whale movements being reflected on retail exchanges to determine what the current bitcoin price is? Or are there actually some whales who use the exchanges to trade on?

Market demand is the strong reason Bitcoin bullish...
Bitcoin is in hype and it is predicted that it will pass through ATH so many are afraid to miss the moment. investors with small capital many appear in the current hype, demand for Bitcoin will continue to increase until the end of the year.

[wiss19]

New institution, big investors and newcomers that are just getting into digital currencies' era are the one that moves the price often. The demand is higher than the limited supply of BTC, there is nothing we should expect than the price to drive crazy as we are having it presently.

This is what makes me crazy thinking why the price goes down then?
I mean the supply is always going to get smaller then why at times there are big price drops because there is no reason why any whale would dump their coins and if even they do, it is not possible to move the market by much.

[Inspiron14]

the direction of the crypto currency market this year is clearly different from 2017,
in 2017 the direction of the crypto market was mentioned like a bubble, but this year I did not hear a bubble,
and it must make us all happy that what moves the market is not a big institution, or the whale, but the market itself.

[Hamphser]

the direction of the crypto currency market this year is clearly different from 2017,
in 2017 the direction of the crypto market was mentioned like a bubble, but this year I did not hear a bubble,
and it must make us all happy that what moves the market is not a big institution, or the whale, but the market itself.

In short, this market cant really be that easily manipulated due to the supply had been scattered on the entire community.

Well, there are big institutions or whales that might be accumulating much more coins than on typical ones but at least you can guarantee that there are

lots of people who do get engage with it which basically means that there is indeed a demand.Comparing price movement in 2017 and 2020

is really different in terms of organic growth compared to a bubble.