Bitcoin price manipulation
There’s reason to assume the Bitcoin price is being manipulated.
The pattern is too consistent to ignore if you look at the charts: a clean wipeout within an hour of US market opening, followed by a slow recovery.
That’s classic high frequency execution. Accounts like zerohedge have pointed towards Jane Street being the most likely entity doing this.
Jane Street is one of the largest high frequency trading firms worldwide. They have the speed and liquidity to move markets for a few moments.
Game plan:
- dump BTC at the open
- push price into liquidity pocket