who actually moves the price of bitcoin?

[proTECH77]

Buyers and sellers move the price of bitcoin in the market. Many traders buy their coins when the price of bitcoin is low, for them to sell when the price of bitcoin is high in the market, show that it is time to make a good profit in the market. Sell when the price is high, will really help you to make a good income from your trade.
Bitcoin is still rising in the exchange market, that is causing other cryptocurrencies to reduce since we enter pandemic that make so many currencies devalue during the period of corona virus in the country. Since the price of bitcoin is still high, show this is the season to make a good profit from bitcoin trade in the market.

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[Nellayar]

Not just who but "what" actually moves the price of bitcoin.
Market players are the one that dictate the bitcoin price. How they interact in the market, either they deal to the price, push the price or wait until the price moves to their desired number. But news is the thing that triggers the price of bitcoin. The potential to beat its ath is because of its news, such as paypal and bitcoin halving news. From the time that the catalyst is release in public, market players react according to what the trend wants to be. That is why, bitcoin is continuously moving.

[jaberwock]

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.

Yeah market determines the price and actually the price of Bitcoin on different exchanges is very close and that is because there are traders who have buy and sell orders on multiple exchanges so if the liquidity is disturbed they take advantage of that but it also stabilizes the market.

For example, if Binance has $20k for BTC and other exchange has $19.8k then there would be traders taking advantage by buying at 19.8k until the 20k is reached so they take advantage and the market stabilizes.

[Kong Hey Pakboy]

People who buy bitcoin are the ones who move and manipulate the price of bitcoin, but whales are sometimes the reason when bitcoin is making a huge movement to its price because they are the ones who hold the large number of bitcoins. It is why when the price is high they start to sell their bitcoins, and if when the price is low they start to buy bitcoins.

[tvplus006]

People who buy bitcoin are the ones who move and manipulate the price of bitcoin, but whales are sometimes the reason when bitcoin is making a huge movement to its price because they are the ones who hold the large number of bitcoins. It is why when the price is high they start to sell their bitcoins, and if when the price is low they start to buy bitcoins.

The expected correction of bitcoin, which began yesterday, brought 183 thousand traders liquidations worth $ 2 bill. It is in such dumps that whales earn a lot of money. By Dumping their coins, whales start a downward movement, which continues due to panic and triggering stop-loss orders.

[cryptolord2077]

The expected correction of bitcoin, which began yesterday, brought 183 thousand traders liquidations worth $ 2 bill. It is in such dumps that whales earn a lot of money. By Dumping their coins, whales start a downward movement, which continues due to panic and triggering stop-loss orders.

May I find out on which resource you take such statistics?
Fun fact how much BitMex dropped on the list after all the controversial Arthur Hayes story. It seems that the lion's share of BitMex users have switched to Binance.
Large liquidations undoubtedly continued to move down, but who exactly became the engine.

[lxiaoh]

The price of BTC lift quickly suddenly, i think there must be a plan, and this plan must have been well thought out, several big whales, or dozens of, even more stand together to operate BTC up plan. More and more peole would join this BTC up plan when BTC break through some point, and then it is going to work by itself.

[TastyChillySauce00]

The price of BTC lift quickly suddenly, i think there must be a plan, and this plan must have been well thought out, several big whales, or dozens of, even more stand together to operate BTC up plan. More and more peole would join this BTC up plan when BTC break through some point, and then it is going to work by itself.

There must not be a plan as the market is steadily growing without even needed a plan before. More and more parties realize how good bitcoin to be used as long term investment especially to fight inflation.
The whales are also still buying more and more bitcoin. The good news will be enough to make more and more people buy bitcoin.
We don't need a plan but we need more adoption from the institutional investors.

[AliMan]

The price of BTC lift quickly suddenly, i think there must be a plan, and this plan must have been well thought out, several big whales, or dozens of, even more stand together to operate BTC up plan. More and more peole would join this BTC up plan when BTC break through some point, and then it is going to work by itself.

There must not be a plan as the market is steadily growing without even needed a plan before. More and more parties realize how good bitcoin to be used as long term investment especially to fight inflation.
The whales are also still buying more and more bitcoin. The good news will be enough to make more and more people buy bitcoin.
We don't need a plan but we need more adoption from the institutional investors.

This month of November is the fulfilment of the good news which also heard two years ago. After last bullrun, history between alts and bitcoin really shaken the entire cryptocurrency world even other platforms like waves definitely brought up a good tracks. Whales really played a big role for this phenomenal bitcoin price, without them I don't think this progress will commence.

[Question123]

Actually we are the one who moved the bitcoin value when it increased it means we are buying lot and if the price down more people are selling or panic their bitcoin.

Movement of the bitcoin is depends on us on how many demands in the bitcoin the more demands the more chance to rise it like what happened right now a lot of user are buying bitcoin but the big impact with that is a project who helpful to increase a value of the bitcoin the more partnership to this coin the more chance to rise it.

[tvplus006]

May I find out on which resource you take such statistics?..

These statistics were published on almost all sites that specialize in cryptocurrency. You can view more detailed information on this site: https://www.theblockcrypto.com/linked/85832/bitcoin-price-crashes-liquidated?utm_source=cryptocompare&utm_medium=rss The largest number of liquidated positions in the amount of $ 837 million was on Binance.

[qwertyup23]

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?

Whales play a major role toward the movement on the price of bitcoin. Since they own majority of the supply, they may be able to manipulate the market by purchasing/selling their shares depending on their goal (law of supply and demand).

Another factor that contributes to the price movement are consumers and users, in general. Due to bitcoin's limited supply, the more coins are being mined the prices and transaction fees increase on the market. In addition, the government may contribute to the price depending on their prohibition or laws relating to the adoption of cryptocurrencies.

[CaVO32]

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?

Whales play a major role toward the movement on the price of bitcoin. Since they own majority of the supply, they may be able to manipulate the market by purchasing/selling their shares depending on their goal (law of supply and demand).

Another factor that contributes to the price movement are consumers and users, in general. Due to bitcoin's limited supply, the more coins are being mined the prices and transaction fees increase on the market. In addition, the government may contribute to the price depending on their prohibition or laws relating to the adoption of cryptocurrencies.

All summed up, it is combination of those factors you mentioned. I don't think there is specific group that can truly influence the market. Unless, those whales will unite and decide what to do with their holdings. But not likely to happen as I don't think they are talking to each other about what to do with their holdings. So in my opinion, it is the fusion of those crypto stakeholders.

[Vaskiy]

There is no one specific to move the price of bitcoin. As per my understanding it is the combined input from users, investors, large scale firms, developers, exchanges, etc. This time the price is being moved by the whales who hold large volume of bitcoin to create some panic wave to profit out the small volume holders of the cryptomarket. If this is caused by the Whales the growth won't happen soon, and if it is price correction just be happy for the upcoming growth.

[jostorres]

The price of BTC lift quickly suddenly, i think there must be a plan, and this plan must have been well thought out, several big whales, or dozens of, even more stand together to operate BTC up plan. More and more peole would join this BTC up plan when BTC break through some point, and then it is going to work by itself.

The whales/sharks and other big names do not exist in the market and their influence is now minimized and they cannot control the market as they might have been able to do 3 years ago when we reached the ATH. Also each time a whale dump their coins we have the market more liquid and secure because the ideal market scenario is when the number of investors are high and the amount of coins in the hands of single investors are less.

I don't think there was any plan or anything neither any whales combined it was just the market demand that led to the bull run and aided by the fact that we are already into the end of 2020 also aided by the corona virus being slowed down now so economy is recovering and investors are coming back now.

[TheGreatPython]

People who buy bitcoin are the ones who move and manipulate the price of bitcoin, but whales are sometimes the reason when bitcoin is making a huge movement to its price because they are the ones who hold the large number of bitcoins. It is why when the price is high they start to sell their bitcoins, and if when the price is low they start to buy bitcoins.

I do feel there are other reasons as well because I mean the coins are not moved recently from the rich list as far as I know and the price keeps rising and dropping so it means the whales are not the only reason behind the mystery of the bitcoin pricing. It might be organizations who buy big amount and pump the price and then sell and make profit.

At times bitcoin price gives me goosebumps because how quickly things can change and there is not even a single guy who can confidently and correctly predict the movement direction let alone the amounts and how long it would continue.

[wiss19]

Actually we are the one who moved the bitcoin value when it increased it means we are buying lot and if the price down more people are selling or panic their bitcoin.

Yeah, it is like one impacts everyone and everyone impacts one basically, as we make any order we directly impact the market for everyone and everyone who trades impact the market for us. I don't think everyone sells in panic though because people naturally also sell their coins when they need money or they feel the price is exaggerated and is about to drop so that they can buy at cheaper price again.

Movement of the bitcoin is depends on us on how many demands in the bitcoin the more demands the more chance to rise it like what happened right now a lot of user are buying bitcoin but the big impact with that is a project who helpful to increase a value of the bitcoin the more partnership to this coin the more chance to rise it.

The biggest comes from huge investments like PayPal buying 70% of the new coins that are being mined which creates massive public demand for Bitcoins and hence the price keeps rising and once demand stops a correction happens often termed as bear run.

[Majharul Saiif]

When demands are more than supply then the prices rise, and when the supplies are more than demand then prices fall. Simply it's happening around the world in every stock market and digital currencies. In my sense actually, supply and demand move the prices of BTC. There are some other factors like whale investors, the international economy changes, allow or deny by any government, etc.

[ropyu1978]

When demands are more than supply then the prices rise, and when the supplies are more than demand then prices fall. Simply it's happening around the world in every stock market and digital currencies. In my sense actually, supply and demand move the prices of BTC. There are some other factors like whale investors, the international economy changes, allow or deny by any government, etc.

Demand and supply move bitcoin price, but its depend with some one have much money and could change how to make much supply and demand with their money, I think if have much money I will control how to make bitcoin or altcoin price, its simple when do you much money you can make bitcoin or altcoin depend with price do you want, if you wanna make bitcoin pump you will buy much bitcoin and hold it, when you sell your bitcoin assets price down.

[darewaller]

there are traders who have buy and sell orders on multiple exchanges so if the liquidity is disturbed they take advantage of that but it also stabilizes the market.

For example, if Binance has $20k for BTC and other exchange has $19.8k then there would be traders taking advantage by buying at 19.8k until the 20k is reached so they take advantage and the market stabilizes.

I understand that there are big players in the market but we should remember that many big players also uses OTC as well. Do you really think you could just put 500 million dollars into binance and buy bitcoin? That is nearly impossible, I mean technically speaking it would be possible but you would be losing tens of millions of dollars along the way because you would destroy the market or would have to spend months buying it.

But, when you arrange something WTIH binance itself, they make a ton of money from trading fee's but can't sell it to market right back that easily, so grayscale buys directly from binance and does an OTC deal which helps them. Names are examples but it really does happen like that so the whales do not change the price that much the way you think.