Are the Whales to Blame For the Recent Market Crash?
On the weekend, Bitcoin and Ethereum spiraled down dramatically. This caused the mass liquidation of the marginal positions. Some experts believe that the recession is artificially created by whales to manipulate the market and benefit from that.
The current situation on the market is considered dangerous, and Eric Wall, the head of investment in Arcane Assets, recommends avoiding trading at the moment. But how can the whales manipulate the market?
There are multiple schemes for doing this, but what is going on now looks like the following: whales create multiple sell orders to decrease the coin’s price. The stop loss orders are executed authomatically, and the asset drops in value, allowing the whales to buy it cheaper.