Price Suppression

We've reached the phase in this chopsolidation where Bitcoiners are starting to proclaim that the market is manipulated, and the price is being suppressed. Is it though?

G’day Folks,

There comes a time in every chopsolidation, when folks simply cannot believe that the price isn’t higher, and they invariably look to blame some boogeyman for enacting a campaign of price suppression.

With all this institutional demand, it is impossible that the price is still **checks notes** trading at $98k! The price would be higher without all this market manipulation!

Based on what, mate?

What these commentators fail to realise is that sell-side pressure from existing holders is a constant theme of Bitcoin bull markets. Just because they don’t believe that people sell Bitcoin, doesn’t make it so.

What is really happening here is a very human behaviour in markets. We have our expectations, and when those expectations are not met, it must surely be because of some dark hand pressing on the scales.

The reality is, our expectations are often misaligned with reality.

In today’s post, I want to step through several charts which help us understand both the scale of the sell-side pressure the market is experiencing, and whether it is good, bad, or otherwise.

Rather than burying our heads in the sand and pretending nobody sells, lets characterise it instead, and use that information to obtain a clearer perspective on the market health.

Let’s get digging.

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📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.

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