Bitcoin’s failure to reach $100,000 during the 2021 bull market may have been due to market manipulation by defunct exchange FTX, according to analysis. Testimony in the trial of former FTX CEO Sam Bankman-Fried revealed that FTX executives sold BTC using customer funds, potentially adversely affecting the entire bull run. The scale of these operations suggests that Bitcoin could have hit $100,000 without this fake sell pressure. Despite not reaching that milestone, Bitcoin did reach an all-time high of $69,000 in November 2021. The popular Stock-to-Flow (S2F) Bitcoin price model, which predicted much higher numbers, faced criticism after Bitcoin’s failure to meet those expectations. While some question Bankman-Fried’s motives, others see the situation as a source of amusement on social media. It’s important to note that this article does not provide investment advice and readers should conduct their own research.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	Adam Back, Sam Bankman-Fried, PlanB, Caroline Ellison, Joe Burnett
Companies	Stock-to-Flow (S2F), PlanB, FTX, Blockstream, Bitcoin, Alameda Research, Unchained, Binance
Currencies	Bitcoin
Securities	None