Was it a MISTAKE or MANIPULATION in the Recent Crypto Market Surge?
In the aftermath of recent developments, a notable incident has sent ripples through the crypto market. The initial excitement surrounding the apparent approval of an ETF quickly turned into a dramatic twist with SEC Chair Gary Gensler's revelation of a compromised SEC account. The subsequent denial of Spot Bitcoin ETF approvals emerged as a game-changing factor in what appeared to be a carefully calculated market maneuver.
The repercussions were tangible, triggering a rapid surge in the price of bitcoin and, consequently, the entire crypto market. However, this bullish momentum was short-lived, giving way to a significant downturn that resulted in approximately $100 million in liquidations across both ends of the market.
The lingering question now revolves around whether this was a mere oversight in account security—a mistake—or a meticulously orchestrated plan with a predetermined outcome—Manipulation.
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