The price of all crypto is managed. All exchanges have a huge % of wash trading to hold up prices, and insiders with giant ownership stakes manipulate markets. All exchanges are either a scam, or 'implicitly colluding' with shady things.
BTC is ironically not a very free market in that sense, moreover, because nobody needs it for anything, it has a buy-hold characteristic.
If people needed BTC for things (which would force some liquidity ops) then we'd see a price that reflected something.
Crypto markets are essentially 'schemes' of one kind or another, they serve no purpose other than to be a hustle.
If people want to play dumb games, that's fine, as long as they are doing it legally and it doesn't rope in a lot of external players.
BTC is ironically not a very free market in that sense, moreover, because nobody needs it for anything, it has a buy-hold characteristic.
If people needed BTC for things (which would force some liquidity ops) then we'd see a price that reflected something.
Crypto markets are essentially 'schemes' of one kind or another, they serve no purpose other than to be a hustle.
If people want to play dumb games, that's fine, as long as they are doing it legally and it doesn't rope in a lot of external players.