Bitcoin Price Stable Despite Executive Buying, Market Manipulation Suspected

Despite the increasing trend of executives purchasing Bitcoin for their corporate treasuries, the price of Bitcoin has remained relatively stable. This phenomenon has sparked curiosity and debate among market participants, with many questioning why the price of Bitcoin is not moving despite the significant inflows of capital. One individual on Twitter posed this question, receiving over 1,300 replies and 800,000 views in a short period. Peter Schiff, a well-known Bitcoin skeptic, suggested that whales, or large holders of Bitcoin, are selling their holdings to new buyers to cash out their gains.

SightBringer, a prominent figure in the crypto community, provided a more detailed explanation. He argued that the market is no longer functioning as a free market but rather as a controlled environment. According to SightBringer, there are several reasons why the price of Bitcoin is not moving despite the large inflows of capital. Firstly, ETF flows are real, with large investors like BlackRock and Fidelity buying actual Bitcoin through special funds. These coins are being taken off exchanges, reducing the supply available for trading. Secondly, exchange liquidity is fake, with most trading happening on fractional reserves of "paper Bitcoin" rather than actual coins. This creates the illusion of a larger market than it actually is. Thirdly, whales are rotating old supply out silently, selling their coins quietly to new buyers or moving them to private wallets to keep the price stable. Fourthly, volatility is being suppressed by large companies and funds that need stable prices for compliance and settlement purposes. Finally, the real breakout of Bitcoin's price is being delayed by design, with the market being manipulated to hold back the price until the right moment.

SightBringer's analysis suggests that the market is being controlled by large players who are getting ready for the real move in Bitcoin's price. When it finally breaks out, it could go exponentially higher and may not come back down. This raises the question of who is controlling the market and why. The answer to this question may lie in the actions of large investors and funds that are accumulating Bitcoin for the long term and suppressing volatility to make the asset more credible to investors.