A pump followed by a bigger pump less than a couple of hours?
What is happening?
Whale warring each other?
Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy.
Nonsense.
The one whale theory is total baloney, but you keep on with it for months and months and months...
do you really believe such nonsense? Is there actually any evidence or logic for such an extraordinary claim? Remember the saying that extraordinary claims require extraordinary evidence... ? Where is it?
The thing is ... that there is a
"whale" ... but ..
it is not a person!It is an entity / company / group of people / communist party ... that have between 80.000BTC - 150.000BTC coins!And they work 24/7 in 3-4 shifts maybe.
Do you imagine just dropping dumps then leaving the poker table? ...
Someone must stay behind and level the plain, to keep things afloat! ... till the next time the
"whale" comes to pump & dump!
This x 1000. It may be a conspiracy theory to many, but I believe it is completely plausible, especially if such a whale group was formed in the early days of Bitcoin. They could have accounts open on every exchange, and work together 24/7. They could write a bunch of coordinated bots on every exchange that work together. Not to mention if they have way more funding to back them than what is currently in the exchange markets, then they will control each and every local market. They would be able to control the rise and timing of bitcoin fairly precisely. And if they are connecting to powerful/wealthy people, then they will have insider trading knowledge/info many months or years ahead of the public, and will be able to time pumps/dumps on major news announcements.
And no, of course there's really no way to provide proof of such. Just like there is no definitive proof that the Russian Mob is behind the U.S. Stock market (and every other major world market). So let's all just stick our heads back in the sand keep saying its the Chinese that are pulling all the strings and providing all the volume, 'cause that's what you all want to believe.
Well, apart from all of the conspiracy theories, i think the real reason is much simpler and doesn't involve aliens or Russian mob.
Some history, back in the day Finex was new and didn't have much volume especially for leverage products that they offered. Stamp was #1 by volume so they made some arrangements with them and pretty much were shadowing stamp. That provided Finex much needed liquidity. As Finex grew, on big volumes we often saw Finex price decouple from Stamp price (that was when Finex ran out of money on Stamp). At certain point Finex outgrew Stamp, they completely decoupled and Finex took the lead.
What we're seeing here (i believe) is well... CHINA CHINA CHINA
x100. Their fake volume was great but now there's a genuine bullish run there, and they need coins from somewhere. It would only make sense to make some arrangements with Finex who's in Hong Kong (like Finex did with Stamp in their day) for liquidity. West is bearish so there's little to no bid support, but China is on a bullish train so they don't care and just keep charging ahead. That's why we don't see much bid support on Finex (arbs don't like risk exposure to catch falling knifes), yet we see those
BTC1k market buys, west gets panicy from no/thin bid support and starts dumping. So we get heavy ask side, thin bid side, and a lot of volume.
TL;DR as long as whoboi is above Finex by around $10 or 1.5% we're riding the Chinese made rocket.
