Quote from: krishnaverma on July 10, 2024, 01:14:40 PM

Bitcoin is popular among huge population all over the world while the demand for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?

The higher the capitalization of the coin (token), the more powerful and richer the manipulators (whales). There are legal entities and individuals who have had a great influence on the price of Bitcoin at different stages of its development.

For example, we can recall the cryptocurrency company Bitfinex and its powerful friends and partners (in 2017). Or adventurers Roger Ver and Jihan Wu (in the fall of 2017). Or Wall Street dealers who introduced Bitcoin futures and declared that Bitcoin would now be under their complete control (2017 - 2018).

Whales - manipulators are trying to influence the price of Bitcoin. But this is not easy, since the coin is decentralized and has a large capitalization.

At present, we can assume that such whales - manipulators are spot ETFs - funds on Bitcoin.