Suspicious movements cause bitcoin bark
When Jackson Hole is approaching. This Wednesday 21st August dropped the asset suddenly and reached lower in 17 days. This sudden consumption revives suspicion of manipulation, because some analysts point to strange mocts of liquidity in books in order and evoke the shadow of whales. Others demand caution and recall that nervousness can also come from macroeconomic uncertainty, while the highly anticipated discourse Jerome Powell, President of the Fed, is approaching the horizon.
In short
- Bitcoin suddenly drops 21st August and reaches the local minimum in 17 days.
- Analysts suspect manipulation with commands nicknamed the “Spoofy the Whar” and “Notorious Bid”.
- Other voices alleviate these accusations and cause technical correction similar to those observed in 2017 and 2021.
- Jackson Hole to come to the future speech of Jackson Hole could have a decisive impact on the development of the market crypto.
Suspicion of ordering laptops: Return of discrete manipulation?
The recent decline in bitcoins at the lowest level for 17 days, recorded at the opening of Wall Street this Wednesday, August 21, was marked by a strong absorption of liquidity on the main exchange platforms.
While Bitcoins briefly returned to this level at the beginning of the day, relapsed quickly and awakened concerns about potential market manipulation.
Trader trader trader daan Crypto trader said that “Bitcoin has absorbed a large amount of liquidity on both sides in the last six weeks while playing in the same price area”It points to the instability of the current area.
According to him, two key levels deserve special attention: “The largest liquidity cluster is around 120k” while “The lower part of the local range at 112k remains active”. These areas can act as their words as “Returning areas or magnets when the price is approaching”.
In this context, Keith Alan, the co -founder of material indicators, revealed several elements that could point out the strategy of manipulating commands. Mentions the re -discovery of entities that nicknamed “Spoofy The Whale” AND “Notorious offer” (Famous ghost candidate), known for his ability to artificially influence market movements.
Here are the main points recorded by Alan:
- The concentration of the liquidity of the offer that has shifted in the order book below, with a remarkable block to $ 105,000 described as it describes as “A protective mechanism against a fall”;;
- Strategy for storing offers that are likely to voluntarily cause movement to reduce the price, by creating an illusion of lower support;
- The effect on the price direction that, although not yet formally proven, causes real effects on the market;
- The absence of direct evidence, but a model of recurring behavior that invites to the alertness of investors and analysts.
“Purchase orders placed lower stimulate the price to reduce”closes Alan and at the same time specifies that he is still “Too early to draw definitive conclusions”.
The fact remains that this type of signal reacts repeating criticism on the opacity of the market and the persistent domination of some actors in the field of strategic liquidity.
Natural correction or cycle break? More Numental Voices in Analysis
Some analysts who faced this accusing interpretation accept more nuanced reading of the situation. Thekingfisher, another active observer on the X X -Social Network, certainly warns of a long -term decline in bitcoins, but emphasizes that the altcoin market is in balance.
“Altcoins are currently showing a balanced distribution. One could take part in a slight decline in the destruction of short positions with a high lever”writes, and at the same time evokes the possibility and “Slow erosion that spreads block by block”.
This perspective indicates the dynamics more technical than the manipulated, where the domino effect naturally amplifies prices without the necessary shore.
The more optimistic Rect Capital analyst replaces this decline from a historical point of view. He notes that similar decreases that occurred at the same time in cycles 2017 and 2021 were preceded by the Bull Restoration against the new peaks. This observation invites you to insert the size of the current correction to the perspective of the current correction by integrating it into the cyclic logic specific to the crypto market.
The market attention is now turning to the main macroeconomic event of the week: the annual Jackson Hole symposium, where Fed President Jerome Powell must present a highly anticipated speech. Markets are currently expecting a probability of 80 to 95 % decrease by 25 basic points during FomC 17 September.
The tone of discourse could strongly affect expectations of rates and ricochet, risked in the markets of cryptos. In this context, the recent decline in the prices of bitcoins could also reflect the caution of the strategy of investing in the face of monetary policy, more than behind the scenes, behind the scenes.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.