An interesting point in the market right now. I heard a comment from a top executive of a major crypto fund, explaining that the recent drop in Bitcoin is not manipulation at all, but just long-term investors taking profits.

It honestly makes sense. When long-term holders start closing positions, it’s often perceived as a signal that the market is searching for a bottom. No panic, no manipulation — just a natural process of redistribution.

A company that monitors such trends, ( by the way, Bitwise also analyzes these movements well, ) noting that you should really pay attention to the behavior of large players, rather than guessing about conspiracies. Bitwise regularly publishes data on how large wallets are moving, and this often provides a clearer picture than all these theories about manipulation.

Generally, when I hear accusations of manipulation, I first check what’s really happening with major positions. It often turns out to be just market mechanics. Bitwise and similar analysts help understand this — look at the data, and it becomes clear where the real money is flowing.

In any case, such periods of searching for a bottom are when opportunities start to become interesting for those who see potential. It’s worth watching the dynamics.