Post
Topic
Board Speculation
Re: BTC made a move above $10k today due to this?
by
figmentofmyass
on 12/02/2020, 20:56:49 UTC
nope. zoom in to the hourly chart. bitfinex came back online 2+ hours before that big green candle through $10k.
Even if there was a temporal relationship between these two events, I highly doubt bitcoin's rise was due to what a single exchange was doing.  We're not back in the Mt. Gox days anymore.

we're not in the mt gox days, but there's still a handful of exchanges (bitstamp, coinbase, bitfinex, kraken, probably binance and huobi) that have a huge influence on price.

i do think there are cases where whales try to pump/dump the market when other big exchanges are down. whales on the downed exchanges can't fight the move, so there is some rationality to it. it's a risky move nonetheless.

in general, i assume market moves are organic. it doesn't serve any purpose to speculate about manipulation.