With Bakkt opening up (next month?), and Fidelity getting ready to accept orders, the last thing they want to see is a falling BTC price. That would turn off their customers from buying BTC. They need to prop up BTC and that is what they have been doing all year, buying BTC on the OTC and now on the exchanges. They have billions of dollars at stake and will prop up the price like they have with the NYSE.
Multi-Million Dollar Cryptocurrency Laundering as A Service Uncovered By Europol
According to Max Keiser when he worked on Wall Street (1980's?), every Friday after the major banks have closed, limos would drive into the parkades of the major Wall Street banks with the trunk of the cars full of drug money from drug lords. The banks would launder the money every Friday. I wouldn't be surprised if they had police protection to make sure the cars got there safely. Maybe they could have had a parade every Friday from all of the limos. LOL
Heck, the CEO of Nasdaq during the 1990's went down to Columbia and talked with the leaders of the drug cartel down there and convinced them they should invest their money in Nasdaq stocks. Which they did. Talk about a long distance sales call.
Even the NY Fed is aware of these criminal acts of Wall Street. If you have time, read the Zerohedge report that blows the lid off of the criminality of Wall Street banks. As I've always said, if you want to rob the people, you need to own a bank. ROFL
"Bank CEOs are the New Drug Lords"