🥺 Market Manipulation in $BTC ?
Samson Mow, CEO of Jan3, believes Bitcoin’s current sideways trend "looks too artificial." Despite strong institutional buying, the price refuses to rise, raising suspicions of suppression by large sellers.
🟡 Bitcoin has been stuck in the 92,400–106,500 range since December.
🟡 Institutions and retail investors are aggressively accumulating BTC, yet the price remains range-bound.
One factor could be the FTX fallout
Recall that FTX, the crypto exchange that collapsed in 2022, froze user assets and owed billions. It has now begun repaying creditors, but at Bitcoin’s November 2022 price ($20K). These funds may already be getting sold for profit, adding downward pressure.
Despite the stagnation, analysts predict Bitcoin could hit 160K–180K by 2025. Institutional giants like BlackRock, Fidelity, and MicroStrategy continue to hoard BTC.
