Things to consider about Bitcoin market manipulation:

Bitcoin concentration in large wallets:

Studies show that a significant portion of Bitcoin is concentrated in a few wallets. Many of these wallets belong to exchanges (such as Binance, Coinbase) or institutional investors.

Large whales have market power to manipulate prices by placing large buy or sell orders, affecting liquidity and volatility.

Influence of Centralized Exchanges:

Exchanges such as Binance, which is one of the largest in the world, play a central role in the market. They hold a considerable amount of Bitcoin and other cryptocurrencies, and have a direct impact on prices through decisions on listings, fees, and even market manipulation in some suspicious cases.

Centralization in exchanges goes against the original principle of Bitcoin, which was to operate in a decentralized and peer-to-peer manner.

Lack of Regulation and Transparency: The cryptocurrency market still lacks clear regulation in many countries, allowing practices such as wash trading, price manipulation and insider trading. This benefits large players who have more resources to exploit regulatory loopholes. Declining Accessibility and Original Ideology: When it was first launched, Bitcoin was accessible to individual miners with basic hardware. Today, mining is dominated by large mining pools, making the process virtually inaccessible to ordinary users. The ideal of decentralization has weakened with the growth of exchanges and the entry of large financial institutions. Impact on Altcoins and Market Dilution: Many altcoins emerge and depend on Bitcoin’s dominance and liquidity in the market. This creates a cycle in which Bitcoin whales can diversify and also control other projects, further diluting the power of the ordinary user.