Yes, Bitcoin has been exposed as the most manipulated asset by far. However, It is very interesting how it is being done.
First, you must put Bitcoin in its rightful place as a "CURRENCY". Then you need to think about how to trade it like it is on FOREX. BTCUSDT is no different than EURUSD. To make the value of the Euro go up, all that has to be done is to make some bad news happen in the US and then the value of the Dollar goes down and then the EUR goes up.
With BTC all that needs to be done here is that some entity needs to convert a bunch of their USDT into US Dollars or Euros or whatever, causing the value of the USDT to drop and then the value of BITCOIN will go up.
Who has the ability to affect the value of USDT......The Federal Reserve....and maybe DB.
First, you must put Bitcoin in its rightful place as a "CURRENCY". Then you need to think about how to trade it like it is on FOREX. BTCUSDT is no different than EURUSD. To make the value of the Euro go up, all that has to be done is to make some bad news happen in the US and then the value of the Dollar goes down and then the EUR goes up.
With BTC all that needs to be done here is that some entity needs to convert a bunch of their USDT into US Dollars or Euros or whatever, causing the value of the USDT to drop and then the value of BITCOIN will go up.
Who has the ability to affect the value of USDT......The Federal Reserve....and maybe DB.
