Do whales manipulate the market?

I had an exciting exchange with a major investor.

There is a legend,

A legend that Bitcoin is manipulated,

That big institutions and whales manipulate the market to push out retail investors.

This legend is false,

For several reasons;

Firstly, there is between 10 billion and 80 billion dollars in volume per day on $BTC

So it would take tens of billions of dollars to have any significant impact on the market.

Yes, some have the capacity, but how many are there?

And especially, what criminal risks do they incur?

Second point, arbitrage.

Arbitrage is the practice of buying a digital currency on a market where the price is lower, and then selling it on another market where the price is higher.

This method allows arbitrageurs to make a profit from the price difference between the two exchanges.

Think of the clever individuals and institutional players armed with bots to play the market and make profits.

While remembering that this would affect buying pressure.

The third point, which is not the least,

The big fish who have billions in capital to pour into the market are not betting on a future rise or fall in the price of Bitcoin.

No, the ETF allows making money for investors by bringing more people into the market.

It's a bit like in a casino, the owner always wins whether his clients lose money or not.

The more clients he has, the more he earns.

So it seems very unlikely that the course is manipulated,

(even if not impossible)

Let's get back to work.

JACQUES - SPACE EXPLORER

PS: you too manipulate the market https://www.mexc.com/register?inviteCode=1iz1w