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?
It's true that there are some people with a lot of money, and their deep pockets could manipulate the market a bit. This is also true that some media outlets are trying to cooperate with them as well and create news and push it heavily to move it a direction as well.
When you are talking about some crypto news website, a million dollars would be a huge huge money, whereas it's nothing for a whale. They probably pay like 50k a place, and push like lets say bear fear to everyone and people sell, so they buy cheap, and spend another 50k on each place to push bull and price goes up and they sell. Having a lot of money will have some advantages on moving the market, and since we do not have regulations like stock market, manipulation doesn't hurt them that much legally.