PlanB, the first analyst to apply the stock-to-flow model to Bitcoin, says institutions are deliberately pushing the price of Bitcoin down to accumulate cheap BTC.
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In an episode of Bitcoin Fundamentals with Preston Pysh, PlanB says that Bitcoin’s price action over the past few months indicates that someone is trying to influence the market behind the scenes.
According to the quantitative analyst, he sees a clear disruptive selling pattern in the market, which he says is an indication that institutional players are accumulating the largest cryptocurrency:
In a new tweet, PlanB cites four examples where prices quickly recovered after brutal sales: