Aren't Crypto Currencies looks similar like digital Tontine? Tontine is illegal in the past to raise pool of money by group of people for those who later bit to use the money for own use.
The big player sell a little which creates a sudden drop and is holidaying with the profit taken out. While having holidaying, allowing to up by itself before it back.
If it remain stagnant bearish, only the big player has the ability to be back and manipulated to pump and dump again before next Holiday.
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