What if our hidden trader is actually a central bank??
RE: Mysterious Trader With "Nearly Unlimited Bankroll" Said To Manipulate, Dominate Price Of Bitcoin
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Mysterious Trader With "Nearly Unlimited Bankroll" Said To Manipulate, Dominate Price Of Bitcoin
If a large powerful entity were targeting any crypto they could drive it up or down with ease - and the larger banks could do this even on bitcoin which even as the largest crypto is still thinly traded at any given time. It may require a quiet period of accumulation of coins which may drive the price up and then the entity could act as an operator to short it into oblivion
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