Doesn't matter if people are buying or selling. No one is talking about BTC, and volume is miles above levels it's has ever been before.
People saying "this time it's different" is most likely right. It is different. Ever since Trump became President in January 2025, the volume has skyrocketed, and the price action has been hard spiking up and down, liquidating shorts and longs over and over again.
4 year cycle may actually be dead, because the volume in those days would be just be a small percentage of what we're having now that ETFs are involved, and market makers can "illegally" print bitcoin.
There is no way the price isn't being suppressed and heavily manipulated. I applaud anyone who's confidently figured out how the trading algorithm operates here, congratulations on making millions!
https://i.redd.it/refqzeyzgl9g1.jpeg
Posted by gekinz
7 Comments
volume speaks volumes
how can anyone can
would be just be a
What’s with your obsession to repeat words?
Do you also think the price is being manipulated when it’s going up?
> By mapping the blockchains of Bitcoin and Tether, we are able to establish that one large player on **Bitfinex uses Tether to purchase large amounts of Bitcoin when prices are falling and following the printing of Tether**. Such price supporting activities are successful, as **Bitcoin prices rise following the periods of intervention**. Indeed, even 1% of the times with extreme exchange of Tether for Bitcoin have substantial aggregate price effects. **The buying of Bitcoin with Tether also occurs more aggressively right below salient round number price thresholds where the price support might be most effective.** Negative EOM price pressure on Bitcoin in months with large Tether issuance indicates a month-end need for dollar reserves for Tether, consistent with partial reserve backing. Our results are most consistent with the supply-driven hypothesis.
>
> Overall, our findings provide support for the view that price manipulation can cause substantial distortive effects in cryptocurrencies. Prices in this market reflect much more than standard supply/demand and fundamental news. **These distortive effects, when unwound, could have a considerable negative impact on cryptocurrency prices.**
— Is Bitcoin Really Untethered?, John M. Griffin and Amin Shams*, October 28, 2019, [link1](https://onlinelibrary.wiley.com/doi/10.1111/jofi.12903), [link2](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066)
What do you mean by “market makers can illegally print bitcoin” ….huh?
Once BTC became adopted by these institutions, banks, hedge funds, etc, manipulation was inevitable.
Wow that’s pretty crazy. This shows there’s much more interest in bitcoin that google search results would lead us to believe.
Personally I dont believe it’s being manipulated. That would require a private club of holders that are willing to work together to manipulate price and that cannot be the case because the value of the whole market is too big in my opinion. However, that big increasing volume speaks volumes like you say, the next ball run hopefully sooner rather than later will blow our pants off.