By forcing bitcoin into a correlated, high-volatility box, these powerful players have engineered a market where an absolutely scarce asset can be acquired on the cheap. If you are big enough, you can create the very conditions for the price swings that pry bitcoin from weak hands. You can spread FUD about a major corporate holder, engineer a cascading liquidation in the derivatives market, or manipulate the options landscape—all based on a narrative that is fundamentally untrue to bitcoin’s essence.