The accusations that Wall Street intentionally suppress the price of Bitcoin are nothing fresh – but according to James “Checkmate” is nothing more than fiction. In a large-scale appearance in the G’day Bitcoin podcast, the control of the chain analyst directly dealt with conspiracy theories circulating on X, claiming that the appearance of price stagnation is completely natural-and misunderstood.

Is Bitcoin held?

“The most important source of suppressing prices is boredom of people,” said Check at an early stage interviewResponding to the wave of online frustration about the apparent refusal to the Bitcoin Rally despite the consistent institutional demand. In his opinion, the idea that the price is “held” by an external manipulator does not understand the basic mechanics of the market: every buyer requires the seller.

The heart of the claim is contradiction. Users on X point to shopping worth a billion dollars from entities such as strategy and ask why the price did not go. Check’s answer was as elementary as the blunt: “People sell billions of dollars to Saylor.” In this way, the price remains flat.

The misunderstanding, he claims, results from the erroneous understanding of how the markets absorb liquidity. “It’s just really, really simple,” he repeated. “When you press the Buy button, you don’t want the market to send. Saylor wants to buy, and then the market is moving, right? That’s how markets work. Go through it.” Faul far from the evidence, the action from the side-what is called “-sight”-is a normal, robust process in which markets digest previous profits.

He explained the term “-solidation” as a fusion of technical consolidation and a Choppiness indicator, a variability oscillator that signals the degree to which the market is popular or divergent. The current period of stagnation, floating above 100,000 USD for weeks, takes place after an aggressive rally of several months of minimals after FTX. In such conditions, according to control, the break is inevitable. “Markets cannot go up or down in a straight line.”

But why is the idea of ​​manipulation? In the case of a check it is psychological. “People are so bored,” he said. “They start to come up with these stories.” He compared the current mood to earlier phases in the cycle – USD 20-30,000 in 2023, or long side movement between 45,000 USD. In both cases, people cried manipulations, only to finally stop the market.

He suggests that true frustration lies in the emotional variability of investors, not price variability. “You are a stone throw from the highest level,” he said. “It is approaching height. This is how it happens.” Either the market increases rapidly up, tearing off traders, or is immersed enough to cause fear and surrender – against withdrawal and leaving skeptics behind. “People will surrender and panic, and then simply jump to the new ups of all time.”

You need a chop solidation

The pattern is clear on the control. Consolidation after extension. Panic after boredom. Breakout after surrender. There is no need to come up with dim motifs. “The bottom is created in this way.” And if you were long enough in Bitcoin, he suggests that you saw this movie before.

Its broader message is aimed at calming excessive emotional reactions. “Solidation Chop is part of this process,” he was. “This is how markets work.” Nearby they are organized by institutions to accumulate at low prices, the bound range of nature bitcoins is a way to prepare the market for the next leg-whether it is up or down.

To sum up, check the dismantled manipulative narrative using a view based on data: The illusion of suppression is not a function of centralized control, but a collective impatience. The price is not falsified – it is resting. And when it moves, it will not be because of the plot. It will be because the market, as always, simply does its work.

During the BTC press it traded at USD 101,940.

A distinguished painting created from Dall.e, chart from tradingview.com

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