Theory That Bitcoin Price Is Being Propped Up

This article is less concrete than the Bloomberg TV coverage I saw sometime this last week that discussed the same theme&#x2F;possibility of Bitcoin manipulation in recent weeks.<p>That coverage discussed that much of the pricing up-moves this past month are happening on weekends when there is less liquidity&#x2F;action, and then saying some analysts see this as suggestive that some whale(s) are deliberately trying to push the price up (using weekends to get the most oomph for their trading dollar.) There was also an assertion that the market volumes involved in bitcoin are substantially less than in other more traditional markets so the market is more susceptible to this sort of thing.<p>I have no knowledge of the truth of any of this, but there was a thread of a &quot;fact&quot; to that argument which I didn&#x27;t notice in this Fortune article (so I pass it on.)

So the central argument is that whales manipulate the price by buying bitcoins once the price is low.<p>Isn’t that the definition of a market?<p>Could you imagine an alternative where this does not happen?

Let&#x27;s be real.<p>Nobody knows anything for sure.<p>People who like Bitcoin will deny this.<p>People who hate Bitcoin will use this as confirmation bias.<p>&#x2F;thread

We&#x27;re about to transition to digital currency&#x2F;tokens. Lots of laundering happening. And Tax Season is upon us, which correlates with deflation in price. Yet, BTC is riding above 20K. This is artificial inflation of the price of BTC, no doubt.

LOL “theory”.