Is there a general consensus on how much volume it takes to move the BTC market price?
Is the SEC not worried about market manipulation?
Is there a legal framework in place to deter / reprimand BTC manipulation? - I realize this could only apply to US patrons.
My theory was that BTC was too susceptible to manipulation to issue an ETF yet. Apparently I'm wrong, which is understandable, because I make beer for a living...
Any friendly opinions welcome!
Manipulating the market is not something that a single entity can handle. It has to happen the same time by a group of people who hold large amount of BTC in their wallets. The news of Bitcoin ETF that is affecting the market is not a manipulation from SEC per say. But the news will have a lot of implications and impact to the bitcoin holders that are waiting for the verdict from SEC about bitcoin ETF. SEC might not want to be a part of market manipulation but as it is now, the news of the spot bitcoin ETF is playing a substantial role now and affecting the movement of the market. Whatever happens, it is just a matter of time for bitcoin to recover even when the news would have caused changes to the market movement, it won’t last long because bitcoin cannot be manipulated by a single entity.