Crypto Capo claims that the recent upward trend in the crypto market, starting from the dip levels, is a manipulated bull market rally aimed at creating a deceptive bear market perception.
The allegations gained more weight with the Commodity Futures Trading Commission (CFTC) accusing Binance of market manipulation in March 2023. Analysts highlighted their suspicions of crypto market manipulation, referring to the CFTC statement.
An analyst stated that Binance’s books would be monitored and examined by the Department of Justice (DOJ), which could reveal more details about these allegations and confirm the fact that Binance engaged in market manipulation.
The active investigation of market manipulation possibilities by regulatory institutions gives more credibility to Crypto Capo’s claims. This situation requires a close examination of market dynamics and factors influencing crypto price movements.
Despite the challenges and uncertainties of market manipulation, Crypto Capo maintains consistency in their analysis. Crypto investors eagerly await the findings that may confirm or refute the allegations of market manipulation once Binance’s books are examined by the DOJ.