X @Ignas | DeFi

Market Manipulation - Whales are manipulating the price of Bitcoin ($BTC) by placing spoof sell orders on exchanges [1] - The goal of this manipulation is to induce noobs and risk managers to sell their Bitcoin holdings [1] - Whales intend to buy back the Bitcoin at a lower price after triggering the sell-off [1] - After accumulating Bitcoin at a lower price, whales will likely drive the price up, forcing sellers to buy back at a higher price [1]