Mike Alfred: Someone is trying to drive down the price of Bitcoin and scare investors into selling through derivatives.

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PANews reported on November 21 that Mike Alfred, founder of Alpine Fox LP, posted, "Institutions are sparing no effort to manipulate derivatives such as perpetual contracts and futures in an attempt to depress the price of Bitcoin and scare investors into selling. This is one of the biggest scams in the market." BitMine Chairman Tom Lee retweeted and expressed his agreement.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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