Quote from: coin-investor on June 04, 2019, 04:16:25 PM

Quote from: jonathan6655321 on June 04, 2019, 01:26:24 PM

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link

About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

15 mins after that, a whale moved 10M USDT from one wallet to another: Link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

Fuckers.

Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference.

Source for the original post

Very well said it is a good analysis and the sad part is, they can do this over and over again, but what can we do it's an open market and this is always subject for manipulation, Bitcoin has a lot of whales around it, something should be done about this in the future.

Then we must be prepared all the time, and if you think manipulation was still the hindrance of bitcoin price increase I guess you'll have to ride on it. Yeah lots of whales made this situation became so hard to recover, but I do believe eventually we will overcome this matter soon. We should stay positive and don't ever lose grip until the last breath that you have.