A number of crypto analysts highlighted the alleged Bitcoin price manipulation carried out by big players in the industry. They called the phenomenon as something unnatural and called for further investigation.
"Bitcoin price manipulation right now really doesn't make sense. When this explodes, the impact can be huge," said Adam Maxi in an upload on the X platform on February 6.
A well-known crypto analyst with the account name Marty Party in the X post, on the same day said that the blatant manipulation of Bitcoin prices could be a risk to national and state security.
The increasing uncertainty in the crypto market has made many industry players start to shift their focus to long-term projects, especially those that offer real utilities. One of the projects that has received attention in this trend is the Minotaurus (MTAUR) blockchain gaming-based token
Marty Party urges an investigation into the stock exchange and hedge funds that are suspected of collaborating with market makers to manipulate prices, especially in supporting unregulated futures markets. He emphasized that although the data on the blockchain remains secure, the main challenge lies in the pricing of dollar-based digital assets that still depend on a centralized mechanism. According to him, digital-based digital asset prices are often manipulated by large industry players to keep the derivatives market profitable.
In addition, he questioned how the regulation supervises the transfer of digital assets from centralized exchanges to unregulated market makers. He also highlighted potential loopholes in the regulatory system, where these risks have not been fully covered in security documents such as S-1, which can have an impact on investor protection.
The question of alleged Bitcoin price manipulation has become a hot topic in recent years, especially with the increasing popularity and adoption of this cryptocurrency in the global market. Price manipulation can occur through various ways, including the use of automatic trading algorithms, spoofing, and wash trading. One of the most notorious cases is the alleged manipulation carried out through large crypto trading platforms, where researchers found that some traders may be using bots to influence prices by exploiting market volatility. In addition, the existence of a "pump and dump" scheme, where a group of traders work together to bring the price of coins up by buying in large quantities and then selling them quickly for profit, is also often a source of controversy. Regulators in various countries are starting to tighten rules and conduct investigations to reduce the potential for manipulation, but the challenge of overseeing the global and decentralized crypto market remains a complicated issue. In this context, transparency and fairness in trading Bitcoin and other cryptos are the top priorities to build investor confidence and maintain market integrity.
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