Hackers causing chaos, is the crypto market really staging a "behind-the-scenes drama"?
Recently, these hacker incidents have been coming one after another, making people anxious! Especially during market downturns, everyone is wondering: is there some grand conspiracy behind this? For example, could someone be colluding to short-sell, first creating a false bear market, and then executing a "double kill" to profit immensely?
To be honest, this kind of thinking is quite common in the crypto circle. Every time market sentiment dips, various conspiracy theories spring up. But we need to analyze calmly and see what’s really going on behind the scenes.
The hacker incidents and market downturns have indeed coincided in timing. Just like last year, when the amount of cryptocurrency stolen worldwide surged, and North Korean hackers stole over a billion dollars. When such events occur, market confidence is certainly shaken, leading to significant selling pressure, making the downturn not surprising. But this doesn’t necessarily mean it’s a conspiracy; it could just be a normal market reaction.
As for the "colluding to short-sell for arbitrage, creating a false bear market" scenario, there are indeed precedents in the crypto market. But to say that the recent downturn is exactly that, we need evidence. Just feeling that "the decline has too much rhythm, as if someone is intentionally crashing the market" is not enough. We need to look at market data, such as trading volume, open interest, and the funding rates in the derivatives market.
So is the "double kill" scenario being staged? Theoretically, it’s possible, but the risks are high.
Overall, I think these hacker incidents have intensified market panic, becoming a catalyst for the downturn. But to say it’s evidence of a grand conspiracy, that’s still open to question. The crypto market is highly volatile, retail sentiment can be easily swayed, and the coincidence of hacker incidents and downturns might just be that—a coincidence. As for the "false bear market" and "double kill," we still need to wait for the data to speak, and not jump to conclusions.
But on the other hand, this market really does hold all possibilities. Blindly acting alone will never bring opportunities; follow me for insights and to explore tenfold potential coins! Top-tier resources!
