- sell 100 BTC at $40 000
- buy 100 BTC at $30 000
- profit = $10 000 per 1 BTC = $1 000 000
In short, do this only once, and you still have 100 BTC and $1 million in profit minus taxes of course.
This seems relatively easy, but it's a lot like gambling with huge risks involved. 24 hour volume sometimes would swallow a similar amount of Bitcoin would minimal effect. Market sentiments are what influenithe price most, if the bull is in effect, manipulations would have little effect, but in a panic season, people are more susceptible to FUDs.
In another scenario, a whale could also:
- sell 100
BTC at $40,000
- and the price ruses to $50,000
- loss (if they buy back = $10,000 per
BTC = $1,000,000