Is Bitcoin's price manipulated? The expert exposes the truth

In a new shared research report on x, Joe Consorti, head of growth in UTA, has dissipated ongoing rumors that allege that bitcoin's price is being artificially maintained. Consorti presents an integral examination of the data in the chain, pointing out the normal cyclic behavior of the long -term headlines (LTH) and their patterns of obtaining profits as key promoters of the current commercial dynamics of bitcoin.

Is bitcoin's price currently manipulated?

One of the nucleus <a target="_blank" href="https://x.com/JoeConsorti/status/1893415724091121729″ target=”_blank” rel=”nofollow”>arguments Consortic addresses is the suspicion that “the boring period of consolidation” could be designed through the hidden forces of the market. In his words: “The claims of artificial price suppression are an argument of the golden age that does not work in bitcoin, whose main book is auditable in real time, which means that we can see exactly who is buying and selling through Your own node on the network. “

Consorti emphasizes that any arranged effort to artificially limit bitcoin would be visible to observers in the chain. On the other hand, the data point to a well -footaged pattern: after accumulating btc in the lowest price ranges, between $ 15,000 and $ 25,000, the times they sell portions of their holdings at higher prices, redistributing coins to the new participants of the market they continue to make bitcoin up. “This is normal. Those who maintained for years begin to download as the price moves higher, transferring coins to the new buyers intervening to offer the price to even higher maximums. ”

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According to Consorti, bitcoin has now entered its consolidation range of more than 100 days around $ 95,000, a section that compares with the consolidation phases of several previous months that were finally resolved in large price expansions.

The investigation provides a retrospective vision of how the LTH behaved in previous prices increases: “Lths accumulated btc from $ 15K to $ 25K, before selling new market participants (short -term holders) that offer the price until the Next 'step'. They did the same from $ 25K to $ 40K, from $ 40K to $ 65K, and from $ 65K to the range of ~ $ 95,000 in which we are now. ”

Consorti points out that Lths has recently returned to net accumulators. Although the change is mild, it argues that this behavior generally marks the end of consolidation before another break.

The researcher also points out a recent ethereum trick of $ 1.4 billion in Bybit, at least the largest in crypto's history, as a factor that momentarily eliminates bitcoin from an attempt to get out of his wedge pattern that falls. Despite the interruption of the market, bitcoin only fell 1.75% in the day, which Consorti says that it is a testimony of the “absolute force” of btc leader and the decreasing correlation with broader cryptographic assets.

In general, Consorti hopes that the wedge that falls will be “resolved before the first week of March”, except for additional Black Swan events. It also observes that the current bitcoin consolidation zone can extend beyond 101 days, warning that “maximum market pain” could see it extend to 236 days, reflecting the prolific consolidation period last summer.

Consorti also refers to the possible impact of President Trump's working group in bitcoin, which will decide on the viability of a bitcoin strategic reserve at the end of June. If a final decision arrives before, it suggests that it can provide a large spark for the market, whether bullish or bassist, depending on the result.

ETF Spot tickets, once seen as a main bitcoin price propeller, have decreased since the beginning of January. Although they still show daily tickets of 7 to 8 figures, these significantly decrease from the levels of 9 to 10 years that occurred during the past spring and autumn, insinuating that other market forces, such as institutional dynamics and in the chain, could Be more influential in the price movement of this cycle.

Another issue is the bitcoin Dislocation of Global M2 Money Supply, which had tracked the price with strange precision for almost 18 months. That correlation broke when Global M2 suggested a deeper recession for bitcoin, but btc continued around $ 95,000. Now that M2 is rising up again in a weaker US dollar, the investigation suggests the possibility of aligning bitcoin for its next leg.

Compare bitcoin with gold with a 50 -day advantage also implies that recent gold trajectory can “point out a rise resolution”, although with less precision than M2 correlations. If this is maintained, a thrust towards $ 120,000 seems plausible.

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Consorti concludes by changing attention to the evolving landscape of the Treasury demand (UST) of the United States. The main foreign headlines such as China and Japan have progressively reduced or planned their positions: China's holdings have reached a minimum of 2009 of $ 759 billion, while Russia has completely left, and Japan remains at $ 1.06 billion for 13 years . “It's not just China. Russia has completely left USTS. Japan, the largest foreign holder, has been sitting at $ 1.06 billion for 13 years. “

Meanwhile, the participation of the Federal Reserve of the USA in the USTS Commercializables pending has increased from 22% in 2008 to 47.3% in 2025, intervening as foreign demand decreases. But a new player joins the market in the form of Stablecoins, which collectively has about $ 200 billion in treasure bonds to support their dollar files. According to Consorti, this demand for Stablecoin: “It could reduce long -term interest rates. The proliferation of stables and their use of treasure bonds as a reserve asset means that they function as a completely new foreign central bank. “

He argues that Stablecoins effectively guarantees the new demand for treasure bonds, helping the United States government to compensate for the decrease in foreign participation and to maintain their loan needs. The White House ai and crypto Czar David Sacks has publicly echoed this perspective, saying that Stablecoins help maintain liquidity for US debt.

At the time of publication, btc quoted $ 95,645.

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