How manipulation is look like?



Here is a clear example.





Few days ago steemit user techwizardry remarked that a whale trader on Bitfinex started shorting aggressively to try and tank the price under $6300. About 2000 BTC in shorts were opened in about 10 minutes.





As you can see from the chart above, the intent here was to cause a flash-crash. However, the attempt failed:









"There is someone out there with very large short position, that is down a lot of USD since price bottomed out last week" - concluded the user.





As we reported previously, while last night there was technical work at the BitMEX exchange, around 1:00 UTC the price of bitcoin jumped by almost $350 -$ 6,816 per one.





Also yesterday evening, bitcoin short-term position was approaching the historic maximum on the BitFinex crypto exchange, reached on April 12, when the rate of the leading cryptocurrency increased by more than $ 1000 per hour, exceeding the mark of $ 7796.