I don't think they are that powerful and it's more likely to be whales manipulating the price
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I don't think they are that powerful and it's more likely to be whales manipulating the price
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But when it comes to press releases, they make retail traders appear more powerful than they really are.
I don't trust the mainstream media that much and I think they consider the whales as retail traders if they aren't a hedge fund.
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Yes, even in traditional finance, they cannot be trusted. I suspect they make big news when someone big wants to get out and bad news when the big guys wanted to buy. That's just my observation in the Philippine stock market after eight years of trading. I wonder if such a tactic is carried through into the crypto space.