There are still plenty of people who believe the 2017 crypto price surge was a massive manipulation effort. LongHash researchers now indicate the “one whale theory” can’t be true, for a variety of reasons. In the research document, the company explains what really happened to the Bitcoin price during the 2017 rally. There is no Tether Manipulation By creating their own Tether-related metric, they deemed it impossible for one user to utilize sufficient USDT to trigger such a major Bitcoin price increase. When comparing the total Tether supply with the amount of Bitcoin one could purchase at that time, the
The post Longhash Claims There was no Whale Manipulating the Bitcoin Price in 2017 appeared first on The Merkle Hash.
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