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www.wired.co.uk stated that a newspaper by researchers at the University of Texas at Austin's department of finance indicates that someone at Bitfinex cryptocurrency exchange may have artificially inflated the price of coins including bitcoin, ether, and Zcash. The responsible for this appears to have been Tether, a cryptocurrency with the same CEO as Bitfinex.
What are your thoughts about this? Do you think they really manipulated the price? Is it possible?
If the market can be manipulated, why is that so that the whale investors are avoiding the market at this moment? they cannot control or manage the continuous market downtrend this year which have surely caused huge profit loss. This simply means that it cannot be and the market itself is very unpredictable.