If centralized exchanges can suppress prices, then the logical response isn't just self-custody.
It's also using decentralized infrastructure whenever possible.
The BCH community has been doing monthly Bank Runs on the 1st and 15th for exactly this reason:
💚withdraw BCH from exchanges,
move coins to self-custody,
and reduce dependence on opaque custodians.
People - I have conclusive and overwhelming evidence the offshore centralized exchange block (Bi,By,Bit,Okx) wash trade the dollar price of crypto to suppress price and liquidate leverage traders in both directions.
Organic supply and demand price discovery will always be met by one large wash trade. This means the exchange can place a large sell or buy order in their own order books which are unsurveiled, unregulated and unpoliced. More so they are using customer accounted assets to do so. (its all opaque anyway so doesnt really matter they can account however they need to) No different to the charges against FTX. FTX was just the scape goes for the Choke Point strategy.
You can see this clearly in the charts its obvious.
Its not IF. It is proven.
What is a wash trade? If you have $10m of Bitcoin, you can sell it on the order book at any ask price you need. The price will immidietely go there and because of volume dominance and weighting the emmitted price into the Chainlink Pyth Oracle and API networks will mean all other exchanges will syncronize with the wash traded price through market dynamics. Then you can buy it back using TWAP or large order book bid. You can see this clearly in the charts as well.
Now understand this is all on a centralized platform so there is no real dollars and no real Bitcoin, its all fake. Whats not fake is the domino effect of the new price which effects the entire industry. There are no consequences for this behavior until regulated.
This strategy is what draws the chart some call "the cycle", "the wyckoff" and the "bull and bear" market. It has nothing to do with supply and demand. The offshore whales control the dollar price through their apparatus.
Q: Who wouldnt want this regulated? Hmmm. Focus on that today.
Also: When they are ready they will wash trade a super cycle.
What does this mean for us? IMO: take advantage of the suppression and accumulate spot to self custody. If you trade use the liquidation levels and max pains it is the best indication of the wash trade targets to extract maximum retail liquidity. Understand its always been this way. If you believe in the technology consider the suppression a discount.