On August 29, Bitcoin (BTC) went from $25,900 to $28,100 (+8.6%) in less than three hours amid positive news regarding the Federal Court ruling on the Grayscale v. SEC case about the regulator’s decision on the spot Bitcoin ETF.
Interestingly, crypto analysts identified a few signs that could indicate price manipulation or some sort of insider trading. As stated by the crypto influencer, Lark Davis, on X (formerly Twitter):
“Somebody always knows.”
— Lark Davis (@TheCryptoLark on X)
The above comment was made to a post by the crypto analyst Ali Martinez (@ali_charts). “Signs of Bitcoin manipulation?”, questions Ali while showing that around 30,000 BTC was sent to cryptocurrency exchanges just a few moments before the positive news and the price pump.
Chart: Supply on exchanges (BTC), exchange inflow (BTC), and price. Source: @ali_charts
“Whales and Sharks may have known a thing or two”, says Santiment Pro analyst
Notably, an analyst from behavior analysis platform Santi
We współpracy z: https://finbold.com/cryptic-clues-uncovering-possible-bitcoin-manipulation-before-grayscale-win/
