Why is the crypto market so volatile? Is 65,000 the top or bottom?

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The cryptocurrency market is volatile, and prices keep changing. One of the main reasons is the big traders with a lot of money, we call them "whales". They are rich enough to influence market prices. So why does the market fluctuate? The main reasons are:

Market manipulation

1: "Whales" sometimes deliberately raise prices and sell them to make money. They first buy a lot of cryptocurrencies, raise the price, and then release good news or rumors to get everyone to buy, so the price is even higher. When the price has risen almost enough, they sell their goods, and the price plummets. This is called "shipping".

2: Market sentiment and psychology

Market sentiment also affects prices. When prices rise quickly, everyone is afraid of missing the opportunity and will buy quickly, so the price is higher. But when the price falls, everyone panics and rushes to sell, and the price falls even more.

3: Liquidity hunting

"Whales" are also good at finding weaknesses in the market. They find where the trading volume is large, for example, many people set stop-loss prices to sell, so they deliberately raise or lower the price to trigger these stop-loss orders, and then buy at a low price or sell at a high price.