Today, bitcoin made it again to a new all time high of around $70,040 or thereabout, and immediately again, like it happened the last time, the price dumped down to around $66,000 in a matter of minutes, before it started rising again.
This gives me the impression that there are some whales who are not done accumuling bitcoin below it's previous all time high price, and want it to stay below it for some more time, and because of this, they are manipulating the price bitcoin.
I am not doubting how effective this is working for them but the question is, how long can they hold bitcoin down?
It's quite disappointing to see bitcoin wanting to make a huge move, only to be pulled back by some whales.