It goes up and it goes down - same as always.
Don’t get me wrong, there is a HUGE amount of coordinated manipulation going on the past while.. from the likes of Binance, Wintermute, MEXC, BlackRock, Trump tied companies and a few other big players. It’s clear as day to see and many crypto detectives on X have mapped it out plainly… they literally on a crime spree with this shit and a lot more so the past year or two. They’ll dump in a coordinated fashion pushing the price down and days later you’ll see them buying up again for cheaper after they flushed out weak retail hands that have been used as liquidity.
It’s not a secret, CZ isn’t even hiding his crime sprees anymore… some people might disagree with me but i feel a world without CZ and Binance would be a lot more settled, I won’t knock his hustle but he’s fucked so many over… same with fucking Wintermute, I’ve seen them destroy so many charts then on the other hand people argue they hold floors on certain coins as market makers.
The biggest problem to come along for crypto and where these guys are really cashing in with the manipulation games is when perps came on the scene, if you have deep enough pockets and resources like they do it’s not very hard is it - drive the spot price down by selling and while doing so have large shorts open on perps.. not only that, when you’re done rinsing them making serious coin on those perp shorts, they then buy back the spot holdings at lower prices like I mentioned above.
Crime season is well and truly in full motion and has accelerated since Trump took office, actually before when he crimed the meme coin world with his own coin and then from his wife the following day ffs.. a day before taking office
that was the sign people needed to go all in on crime season, I thought Trump in the WH would have helped crypto.. from personal experience it’s been the opposite, sucked serious amounts of trust and serious liquidity out of the market with those stunts.
That’s not even getting into actual manipulation tactics he’s used via his position in office, it’s well documented that several high ticket traders on perps have gone short or long on something just before Trump would announce some madness or relief from already running madness like new tariffs or the reversal of tariffs, his sons have been banking hard with this.
I see a few good runners returning to the meme/alt coin scene the past few weeks or so, which is refreshing as it’s been fucked for a long time.
www.cnbc.com
