Yes, and such climbs coincide with Tether printing billions from unknown sources (most likely thin air)
You can’t pump bitcoin with monopoly money forever, because the liquidity becomes too small
You can’t pump bitcoin with monopoly money forever, because the liquidity becomes too small
Then, if the price was pumped and the liquidity didn't match it, it'd be a perfect target to squeeze (because the market is so highly leveraged), at least one trading firm should've attempted it.
What do you get by squeezing bitcoin? Once the liquidity is exposed as non existent everyone loses their money. There’s no hedge