Why BTC price is stable around 6.5k $ - 2 hypothesis
Many BTC price observers are amazed by the price stability recent months. Me too. Since I watch crypto market didn't see such for 3 years. Does not look natural...
What could be reasons behind it? I see two possibilities:
- [a conspiracy theory] Some big players make BTC price stable with their buy/sell orders to get ETF (which requires price stability).
If this scenario would be true it also means someone is able to control price to a degree where trading is not even gambling - someone has control of it, so he is the winner.
- Same effect I imagine could be created by big players abandoning market for some time. Big whales make big waves. Small fishes - small waves. It's possible currently on BTC market there are relatively small fishes - they don't make big waves and price stays stable just above the mining costs.
Other theories?
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