{"id":378964,"date":"2019-04-19T00:01:54","date_gmt":"2019-04-19T00:01:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=378964"},"modified":"2019-04-18T16:49:05","modified_gmt":"2019-04-18T16:49:05","slug":"crypto-analytics-bitcoin-price-surge","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-analytics-bitcoin-price-surge\/","title":{"rendered":"Crypto Analytics Firm: Single Strategic Actor Responsible for Bitcoin Price Surge"},"content":{"rendered":"

The Bitcoin rally heard \u2018round the world<\/a> that began on April 2, 2019 painted the first higher high on Bitcoin price charts<\/a> since the price of the leading cryptocurrency by market cap reached its all-time high back in December 2017. The powerful surge many believe could have signaled the end of the bear market<\/a> and confirmed that a new uptrend has begun<\/a>.<\/span><\/p>\n

The over $1,000 rally may have also been the work of a single, calculated and strategic actor, who may have precisely executed a plan that drove the price up as much as possible.<\/span><\/p>\n

CoinMetrics: Committed Actor Executed Trades At Key Times to Maximize Price Impact<\/span><\/h2>\n

The massive green candle that occurred on Bitcoin price<\/a> charts on April 2 had everyone talking<\/a>, from brokers, to bankers, and everyone in between. The powerfully bullish movement may have been the final blow to bears<\/a> that signaled the end of the crypto winter that\u2019s plagued the asset class throughout 2018 and 2019 thus up until now.<\/span><\/p>\n

Related Reading | Crypto Analyst: Bitcoin Price Chart Shows Textbook Bump and Run Reversal Bottom<\/a>\u00a0<\/strong><\/em><\/p>\n

The move, according to crypto research firm CoinMetrics<\/a>, was orchestrated across multiple exchanges, at very specific times where liquidity is the lowest, in order to \u201cmaximize price impact while trading,\u201d the firm said. More interesting is their theory that the entire thing was executed by one, single \u201ccommitted actor.\u201d<\/span><\/p>\n

\n

Our theory is that a single committed actor went long and traded in a manner that maximized price impact. The movement in price started at 04:30 UTC time, the point in the day where global liquidity is at a minimum.<\/p>\n

— CoinMetrics.io (@coinmetrics) April 17, 2019<\/a><\/p><\/blockquote>\n