Analyst Highlights Bitcoin Manipulation Concerns Amidst Market Volatility

Investor concerns over a potential bearish cycle are growing, but some experts believe Bitcoin's upward trajectory may soon resume.

Analyst Ash Crypto points to factors like demand-supply dynamics, rising US equities, and increased ETF inflows as positive indicators for Bitcoin's resurgence.
Ash claims market makers and exchanges might be manipulating Bitcoin prices, despite strong spot demand.
Historical data suggest Bitcoin prices were once driven by spot market activities, but the introduction of futures and derivatives has changed trading practices.
Exchanges allegedly use synthetic Bitcoin contracts for more profitable trades, which can manipulate market movements using leverage.

Historical Patterns

Bitcoin's price recently fell from $124,000 to $107,000 due to shorting by market makers, despite overall growth in US equities.
Spot demand remains strong, ETFs continue to absorb coins, and exchange reserves are dwindling.
The presence of futures and derivatives creates an "illusion of weakness" to potentially shake out retail investors.
Historical patterns from 2017 and 2021 indicate that periods of suppression often precede significant price increases, suggesting a possible new price discovery phase for Bitcoin.

Currently, Bitcoin is trading around $114,969, with gains of nearly 3% and 6% over the past seven and fourteen days, respectively.