Many people believe that the Bitcoin $BTC market is manipulated by market makers, but this view ignores the huge scale of the Bitcoin market and the diversity of participants.
Market size: Bitcoin's market value has reached trillions of dollars, and such a huge volume makes it difficult for any individual or institution to control the market alone.
Global participants: Bitcoin traders are all over the world, including investors from countries such as Germany, Japan, China and the United States. The buying and selling behavior of these countries is affecting the price of Bitcoin. (↓Click to view the real-time market of currencies)
China-US game: The trading behavior of China and the United States in the Bitcoin market also reflects the economic competition and game between the two countries.
Market game is sufficient: The Bitcoin market is a highly competitive and game market, in which various forces interact, making it difficult for the market to be manipulated by a single entity.
Decentralized characteristics: The decentralized nature of Bitcoin means that there is no central authority that can control its price, which is one of the reasons why Bitcoin attracts many investors.
In summary, the huge scale of the Bitcoin market and the diversity of participants make it difficult for any single entity to manipulate its price. The market game is sufficient, and various forces interact in it, jointly determining the price trend of Bitcoin.