Market get a quick surge yesterday from 110b total market cap of crypto it goes up quickly to 122b this only show that if whales and financial institutions want to make price goed up they can really do. I am hoping this would be a start of s bullrun since we are currently experiencing the longest bear market im crypto, maybe we are close to make this over.
Well this also means that whales are controlling this market effectively and they can anytime pump or dump in the market. Whenever there is a big dump or pump in the market it is because of the manipulation. Consider the fact that many people were shortening the bitcoins on bitmex and this opposite move by the whales made liquidated many traders.
There are certainly whales in both bitcoin and Ethereum markets who are manipulative all the time and because both markets are high in liquidity there is a possibility this is situation that was occur due to a market manipulation but if it is not certainly the current price increase is a good start for this year to give moral and confidence to new investors and traders to make more investments and this will definitely do good to the market