And THAT may have been the very recipe Composite Groups (Whales) were looking for to implement their next bullish move; knowing they would have to contend with less resistance. In fact, they would receive additional assistance without having to spend as much capital.
Then if Bitfinex has been drained by users "buying Bitcoin up to quickly withdraw", would the rally quickly reverse, or do the "composite groups" have control over the market by now?
Bitfinex's cold wallet address,
https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9rthe fact that bitfinex is trading
below the other exchanges now suggests that most of the buying pressure is coming from elsewhere at this point. add the fact that shorts are obviously being squeezed on bitfinex too---about 4k BTC shorts have closed into this pump over $6k---it's obvious the rally isn't hinging on bitfinex anymore. quite reminiscent of 2017 if you ask me.
it's not that any entities have control over the market. smart whales are just following the path of least resistance, which was obviously UP.
Then I believe the next question should be "is the market currently over-leveraged, and when will this rally stop?"
It would be stupid to assume that the market is being moved absent of margin buy orders.