Spot the "whale" cryptobro's... and institutional investment.
If I've learned anything about cryptocurrency, it's led by media savvy "insiders" with many followers.
A circle jerk.
The media manipulation is far wider than social media posts, although those make up the bulk of the bait.
It's fairly obvious, a single whale with deep pockets and a social media following, can drum up support for the "asset" they have invested in.
They just need to post about it - and the price rises.
The more the social media following, the bigger the feeding frenzy.
Then we get to more abstract mechanisms - articles about cryptocurrency, news about it - "news" often being pretty much blatant bias.
We get the wonderfully inept "TA" or "Trend Analysis" - when used in the right hands, in the right circumstances, it totally has some value.
When used for cryptocurrency, it mostly doesn't - its tea leaf reading, bone throwing or just ... more hype.
Enter institutional investors - well heeled, soulless, incredibly savvy traders - behind the scenes, no social media needed, invisible = manipulate.
Cryptocurrency just becomes another asset to be used - and WOW, what an asset is can be - a total wild west, where under the right circumstances, a buy and sell can equal 10x profit in an hour - sometimes less.
Where you can just keep rinsing and repeating buy/sell, buy/sell when the volume is there.
A naive rube has close to ZERO chance in this speculative market - may as well go buy a lottery ticket.
Smarter folk can ride the coat tails, knowing full well that the entire thing is a casino, but it's a 24/7 soul destroying task.
Right now, it's a case of pass the parcel - last one gets the bags.
Institutional money is rapidly leaving - the super big bucks - but there may be one more "rinse and repeat" cycle left, one more stab at "tulip mania", to rob a few more dimwits from their hard earned money.
The emperor has NO clothes.
And now? - institutional investors are betting on the entire shit show going bust.
Obviously - wring the last little bit of cash out of it, emotionlessly, move on...