$BTC

💎 The Bigger Picture: Games?

There is a plausible hypothesis: This could be part of a coordinated strategy by large investors (whales) to manipulate the market. Rekindling old rumors of Bitcoin liquidation, coupled with large sell-offs based on employment data, seems like a great way to create fear. This drives down prices, giving these large investors the opportunity to accumulate Bitcoin at lower prices. To put things in perspective, the US government has had the right to sell 60,000 BTC since October without any further updates from the Department of Justice.