I do not like to deliberately explain the reasons for market movements, because what has happened has happened, and the market has made corresponding pricing;

But if it is to refute the "BTC manipulator theory," then I can explain a bit.

In my understanding, only those who hold more than 10% of all circulating chips can be called manipulators...

Currently, the individuals holding a large amount of BTC are...

Satoshi Nakamoto, the U.S. government, MicroStrategy, and centralized exchanges; BlackRock is a custodian, so it doesn't count as true ownership.

If the first three move their chips, we can all see it, and exchanges wouldn't take the legal risk of misappropriating user assets just to trigger a small number of retail investors' stop losses...

The fact that this market can develop proves that there are no manipulators in the BTC market; only a market dominated by retail investors can behave this way..

After all, if I were a manipulator, planning the K-line like this would be too costly, with too little return and too much risk!