Bitwise advisor Jeff Parker stated that the claim that Bitcoin is artificially suppressed every day at 10 a.m. (Eastern Time) lacks evidence. He believes that the observed price fluctuations are due to the normal operational mechanisms of ETFs (authorized participants hedge with futures before purchasing the spot) and the natural volatility when the U.S. market opens, rather than manipulation.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitwise advisor Jeff Parker stated that the claim that Bitcoin is artificially suppressed every day at 10 a.m. (Eastern Time) lacks evidence. He believes that the observed price fluctuations are due to the normal operational mechanisms of ETFs (authorized participants hedge with futures before purchasing the spot) and the natural volatility when the U.S. market opens, rather than manipulation.