We often heard about market manipulation in crypto market. It can be true for small cap, or coin that issue by exchange or for the token where most of that token hold by team. But we also heard it about Bitcoin and etherum, when price fluctuate in large scale. I don't understand how these large cap coin can be manipulate, when these coin are well distributed and decentralized?
I won't disagree to this because I believe it is certainly possible. Market manipulation does exists in stock markets and crypto markets.
We have already seen pump and dumps happening with altcoins and meme coins.
So all we need is enough capital and bitcoin is not exempt from this possibility too.
There are few entities which hold a large amount of bitcoins and if they execute it properly then bitcoin price can certainly be manipulated even though it's hard to tell but it is.