After two weeks of Bitcoin trending sideways near $6000 it left me wondering if it was intentional price manipulation in order for large institutions to fill their cyrpto bags. Anyone who has paid attention to Bitcoin price over the past year, or longer, knows that flat movements like that are rare and extended periods of low volatility are even more rare. I think what we saw was spot BTC price being manipulated via futures markets as large institutions accumulated Bitcoin in the OTC markets where it wouldn't effect spot price. Big players want to accumulate as cheap as possible, if everyone knew that large investment banks were buying Bitcoin then the herd would rush to do the same which in turn would make BTC price more expensive for the institutions before their bags are completely filled.
The previous article that I shared here I showed that over the past four weeks five BTC wallet addresses accumulated 133,000 BTC(roughly $840 million) yet spot price didn't reflect that kind of demand or purchasing taking place. Watch this video until the end to hear an insiders confession as to what is taking place behind close doors at large institutions and investment banks right now in regard to Bitcoin:
