Did the SEC drive the price of Bitcoin from $31,000 down to $24,000 so they could buy before Blackrock Bitcoin TrUST Announcement. #bitcoin #sec #blackrock #scam #crypto

Crypto Manipulation :

It looks like the SEC has been working around the clock to drive the price of Bitcoin from $31,000 down to $24,000 so their friends could buy Bitcoin before Blackrock Bitcoin iShares Trust Announcement on June 15 2023.

Chart : https://www.coingecko.com/en/coins/bitcoin

The US Government raked in $215.5 million after transaction fees. The sale didn't appear to impact bitcoin's price, which gained 2.43% the day of the transaction. - March 31 2023

News : https://www.forbes.com/sites/brandonkochkodin/2023/03/31/us-government-sells-bitcoin-seized-from-silk-road-case-netting-over-215-million

News: https://www.newsbtc.com/news/bitcoin/us-govt-to-sell-41500-bitcoin-btc-in-four-batches-crash-inevitable/

Bitcoin Drops to $29K in Sudden Sell-Off
The slide – which followed a huge market sell order at Binance – flushed millions of dollars' worth of futures positions.

Apr 19, 2023 at 4:36 a.m. EDT

Bitcoin (BTC) slid more than 3% in just 15 minutes during European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization to below $30,000.

Further declines took it as low as $29,000, CoinDesk data shows.

While the sell-off didn't appear to stem from any fundamental reason immediately, an unusually large sell order on crypto exchange Binance and an unexpectedly high U.K. March inflation figure of more than 10% may have influenced market sentiment.

Also in the mix: a so-called long squeeze. More than $25 million in bitcoin futures were liquidated.

"Seems to be more of a leverage washout. Binance OI in BTCUSDT perps fell 5.1% in 15 minutes, effects more severe in ETH with larger liquidation volume than BTC," Lunde said, referring to open interest, or the total number of contracts in the futures market, and also to perpetual futures contracts.
Prominent pseudonymous crypto Twitter trader @52kskew pointed out that a 16,000 bitcoin sell order, worth over $467 million at current prices, preceded the dump, which may have initiated the long squeeze.

"16K BTC is unusual size to be market sold solely from Binance spot usually the kind of sale happens before bad news comes out,"

@52kskew opined in a follow-up tweet.

Source: https://www.coindesk.com/markets/2023/04/19/bitcoin-drops-1000-in-15-minutes-longs-make-98-of-liquidations/