Recently, respected crypto market analysts have identified an entity that has been extremely active in Bitcoin (BTC) futures, referred to as the “Binance manipulator.” This entity is cited as one of the main reasons for Bitcoin’s rejection from the $66,000 level and its retest of the $63,500 support level.

While there is evidence of large orders and transactions, there are many unproven hypotheses and erroneous assumptions that this entity is trying to suppress the price of Bitcoin.

Such large orders can be explained by arbitrage and hedging strategies. Therefore, the validity of the “Binance manipulator” theory should be questioned.

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