Crypto is the smallest financial market in the world, Bitcoin making up around $5 Billion of the entire crypto currency market cap. Bitcoin is manipulated through and through. You only have to spend 5 minutes looking at the order flow on bitcoinwisdom and you will see manipulation take place in real time.. you will see the weakest traders getting forced out of the market at disadvantageous prices. You will see matched orders... you will see a 1000 BTC wall appear on the sell side, only to disappear and then reappear on the buy side once the price has declined a bit.
Bitcoin is easy right now, and it has the largest market cap in crypto. In comparison to bitcoin all the other alts combined are microcosms. So you can imagine just how easy they are to control
+1
I am starting to think that anything that is traded is manipulated to a certain degree
but i think that when people hear the word manipulation they asscociate it with negative conotations
i just think that those are the rules of the game and the way the market is structured
thats why it is mainly the people who understand this that make the most money