How a market manipulation works, second episode

2022年5月16日

IMO market manipulation is part of trading, but only big players are able to perform such operations.
I observed one of those last year and reported here <btcusd / how a manipulation works>

If you look at btcusdlongs you can see currently there is an unprecedented desire for btcusd longs in Bitfinex, this extra ordinary longs at this level of btc price imply that there are many whales betting on long side, but some thing is fishy when considering the sentiment, SPX and other economic metrics etc. i.e. market is not that hot that this level of longs (all time high of longs) show. Probably it is a false signal by whales as their true estimate is down direction and are managing to dump at this station, maybe after some false breakouts or immediately.

last year July, at same price the opposite signal in short side fired by btcusdshorts, pretending the market is crashing while it reversed , that idea link is below, if you want to learn more.

2022年6月7日

ノート

Idea is still active, while environment still is in favor of bears but mega long is getting bigger and bigger, from the last time around 10 percent increase in longs is seeable and now it is around 90000 btc. IMO still false signal is in full play.

2022年6月13日

ノート

while now the 30k support line broken btcusdlong still wildly increasing, I can interpreting this as some whales need more time to dump and lower prices are still ahead

2022年6月14日

ノート

Now price went down to almost 20k a prove that the idea is valid. But still surprisingly btcusdlongs are increasing, at time of writing around 108000 btc long. It seems the people behind these misleading huge longs still really expecting lower prices.