Replying to Avatar Joey

Can they keep a "balance" in their favor until infinity?

Can they artificially keep the price at 50k with their cuckbucks?

If US gov has X amount of #bitcoin , and they sell it. They will generate a sell pressure, that pushes btc down. But they need btc to sell to push the price down or? But they can't only sell... But if they buy, they push the price up. How could they keep the price at 50k?
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Michael ⚡️S⚡️ 1y ago

Price manipulation works best by using the futures markets. There is lots of info on how they do it with the Gold and Silver price.

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Bitcoin Nora 1y ago

Interesting. I'm going to do some research. Is btc not way harder to manipulate though? Even on futures markets

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Michael ⚡️S⚡️ 1y ago

Seems to be super easy, the #Bitcoin price has always been highly

manipulated by market makers like Jump Trading on behalf of their whale clients like #Binance & Co to gain the most profits out of their futures markets offerings. Just have a look at the CoinGlass Binance BTC/USDT Liquidation Heatmap:

https://www.coinglass.com/pro/futures/LiquidationHeatMap