October 10th was a turning point for the crypto world – the arrest of Gotbit Consulting CEO Alexey Andryunin in Portugal resulted in a short-term drop in cryptocurrency prices, including Bitcoin, which lost about 2.2%. However, despite this decline, the news carries a positive signal for the entire crypto market.

Gotbit has been manipulating crypto tokens for a long time, especially on the $TON network, such as $NOT $DOGS etc. At a time when the market was expecting a reversal and an upward move, Gotbit intentionally created pressure on the price, knocking it down, despite the prevailing long positions in futures and signs of a bullish reversal by all indicators. This led to a gap between the actual prices in the spot market and the expectations of traders who were betting on growth. Many found themselves in a situation where the spot price continued to fall, even when technical indicators signaled a possible reversal.

Despite the few days of losses and uncertainty, this event gives hope. The arrest of manipulators like Gotbit will help create a more fair and transparent trading environment, which will strengthen the market in the long run. With each passing day, trust in cryptocurrencies will be restored, and the market will become more stable and fair for all participants. I remain in high spirits, as I see this as a positive step forward and expect more predictable and transparent developments in the crypto markets in the future.

Special thanks to the FBI for their efforts in uncovering manipulation and bringing clarity to the cryptocurrency market. #newscrypto #BTC☀ #TONUSDT #HMSTR #cati