I See Institutional Accumulation Centralizing Bitcoin Price; Exchange Manipulation Visible

Someone was right — as large funds accumulate crypto en masse, I feel Bitcoin's price is becoming more centralized in terms of price control. Even now you can see it in how easily exchanges move the market. I regretted not loading up on shorts against HPL — they pushed the price from 109 to 123 in three stages on very low volume. Those kinds of moves look like bubble inflation to me.

It's certainly harder today to crush the price back to around $50K like they used to, because ETFs can't behave like scams without legal consequences. Still, executing manipulative moves doesn't seem difficult. I saw Bybit the other day produce a downward wick like I haven't seen on any other exchange — clearly engineered to catch longs. That kind of exchange-level manipulation keeps the market risky for retail traders.