crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
I don't find it a manipulation, this seems to be a large volume fund transfer or withdrawal from the market circulation by a whale. This has lead to the gradual growth at the $4200 to fall low to $3800 in a very short time period.
You really think there is just one whale that that does huge transfers or withdarawals ?, There are many whales and groups doing these transfers and withdrawals here and there from every exchange wallet, or from their personal wallet to another wallet daily, there are times like they are trying to buy some cheaper btc so what they do is basically dump some huge amount of btc and push the price lower like 300-400 and when the price is going sideways say for a day or a week they slowly start accumulating more btc in that price range, that's why it is called manipulation.
crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
Manipulation are still on even if the market pumps again, it canno change easily. The drop before is very hard for everyone but now we have to move on since we are growing again. I think there will be no bottom this year since we already hit it and its time now to pump.
Where did I say manipulation is going to go away ?, What I'm saying is when market cap is plummeting at 130B it's way easier to manipulate the market in a way you want, You cant compare this market to the time where it was at 500B market cap, it was way harder back then to change or manipulate the price, because you needed 4x more btc that was around 20k at the time instead of 1/4 btc when btc is around 4k.