Mike Alfred: Someone is using derivatives to try to drive down the price of bitcoin and scare investors into selling
2025-11-21 03:49:02
Mike Alfred, founder of Alpine Fox LP, wrote that "institutions are going to great lengths to manipulate derivatives such as perpetual contracts and futures in an attempt to drive down the price of bitcoin and scare investors into selling, which is one of the biggest scams in the market." Tom Lee, chairperson of BitMine, shared and agreed.
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