Tuesday, March 14, 2023

ELI5: How does manipulation of Bitcoin's price actually work?

In recent times there have been so many counterintuitive events related to the price of Bitcoin. For example, within the last few days it's rallied from 20K to as high as 26K (it's currently down to 24K). That's despite the fact that Silvergate and Signature both collapsed. You'd think either or both would cause Bitcoin's price to fall, but instead it had the opposite effect.

Now I understand that the sub is a bit tired about talking about the price of Bitcoin. I know it keeps saying that BTC's price is manipulated. However, this is what I'm not exactly understanding, so I'd like to get an ELI5 on this: how exactly does Bitcoin price manipulation work anyway? And assuming no one knows the real answer, what could be possible ways and methods on how the price is manipulated? And finally, what does "Tether printing" have anything to do with all of this?


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