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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"bitcoinsight",<br>"permlink":"how-market-whales-use-fear-to-manipulate-bitcoin-prices",<br>"title":"How Market Whales Use Fear to Manipulate Bitcoin Prices",<br>"body":"My outlook is bullish,<br> but not overly so. I've been studying Bitcoin and noticed something intriguing: unlike stocks,<br> geopolitical events like wars don't seem to have a direct impact on blockchains. That\u2019s the whole point,<br> right? Blockchains are designed to be decentralized and resistant to external forces.\n\nHowever,<br> just yesterday,<br> Bitcoin saw a significant drop,<br> falling from $63k to $60k. And interestingly enough,<br> this happened right after tensions escalated between Israel and Iran.\n\n\n![image.png (https:\/\/cdn.steemitimages.com\/DQmTUfiMURHy7dVh6Nauw6wVArm31MLz7TeRZ5wkyuv6Yyk\/image.png)\n\n\nIt turns out much of the selling pressure came from major players in the market\u2014whales and exchanges. They're essentially manipulating the price by fueling fear around the conflict,<br> causing people to panic-sell. Once the price dips,<br> they swoop in to buy at a discount. It's a crafty tactic they use to accumulate more Bitcoin at lower prices.\n\nEven in a bull market,<br> it's possible to see short-term corrections of 5% to 10%. We saw this in 2021 when,<br> after Biden's election victory,<br> Bitcoin dropped from $60k to $54k within a few hours.",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"cryptomarket\",<br>\"blockchain\",<br>\"marketmanipulation\",<br>\"whales\",<br>\"btc\",<br>\"cryptoinvesting\",<br>\"steemit\" ,<br>\"image\":[\"https:\/\/cdn.steemitimages.com\/DQmTUfiMURHy7dVh6Nauw6wVArm31MLz7TeRZ5wkyuv6Yyk\/image.png\" ,<br>\"app\":\"steemit\/0.2\",<br>\"format\":\"markdown\" " |
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