BlockTower Capital Founder: The impact of market makers is mostly intraday volatility, and the main reason for BTC's decline is the selling by early holders
BlockTower Capital founder Ari Paul stated that market makers can indeed engage in short-term operations during weak markets, such as slightly pushing MSFT or BTC up by about 2% to trigger stop-losses, but such actions are usually day trades, and prices often revert within seconds or minutes, having limited impact on the long-term trends of liquid assets like Bitcoin ETFs.
He pointed out that the primary reason for the recent BTC decline is the sell-off of tens of thousands of BTC by early holders, while market buying support is insufficient. Ari Paul believes that large-scale manipulation in the long term is not completely absent, but the probability is low and the risks are high. In most cases, deviations in market trends from expectations should not be simply attributed to "manipulation," and investors should optimize their own analytical frameworks. Meanwhile, compared to "downward manipulation," "upward pushing" is more common across various asset classes.
You may also like

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."

Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?

The economy is entering a new cycle, how can the average person prepare?

Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway

Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?

How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.

Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?

