Simply because there are many factors that control the market and not just F&G, the market maker always tries to use F&G to manipulate traders and direct the market in the direction he wants, but this does not always work.
F&G often succeeds in new markets when there is no complete certainty in the future of the market, as was the case with Bitcoin at the beginning of the market, but today I think that its impact has decreased very much due to the increased certainty of Bitcoin traders and their acquisition of great experience over time.
Playing F&G manipulation to make them panic. this is a common thing for Whales to do, they control the market well. F&G often succeeds in new markets when there is no complete certainty in the future of the market, as was the case with Bitcoin at the beginning of the market, but today I think that its impact has decreased very much due to the increased certainty of Bitcoin traders and their acquisition of great experience over time.
2023 is a pretty good year for Bitcoin, close to the Halving that will occur.
Although currently the price is still stuck in the $29k area but the possibility of breaking $30k is still very possible.
In the last few weeks, Greed is still in control and the F&G index is still stable at 60-65.
