The recent news that Goldman Sachs was backtracking plans for the introduction of a cryptocurrency trading desk had serious consequences for the market, leading to an immediate downward spiral. Shortly before the announcement, analysts who monitored cryptocurrency markets saw someone taking a short position of 10,000 Bitcoin (BTC) at a time when markets were showing an upward trend and this led to asking why someone would have taken a short position of $ 74 million so suddenly. Now, the technology of artificial intelligence (AI) reveals that the move could have been a deliberate manipulation of the market.
Given scientists and analysts of the RoninAI team, a group of encrypted signals, they began to analyze the situation, looking for possible clues. An indicator, that of social sentiment, was extremely sporadic just before the fall. Looking at the data from the three days before the fall, there has been an increase in activity that does not seem to be genuine.
The analysis showed that there were three standard deviations higher than the average levels of BTC. Based on historical data, these are not events that occur naturally in the market. About 10-15 minutes before Wednesday morning, there was a pause above the three deviations and these, due to their timing, led scientists to conclude that they were not natural.
Social media has been alive with speculation and speculation about who could have been behind the business. Many have chosen to point the finger at Goldman Sachs, with a user on Twitter who said: "This has meant that the manipulation of the market has been written all over the place. Bet that Goldmans [sic] will be the first to pull up a BTC 2 cheap to kill, they play [sic] like crazy. #btc #crypto Goldman eliminates bitcoin trading plans for now … "
If they are not a sign of market manipulation or insider trading they can not be determined. Of if you can, scientists will not say. Who is behind the manipulation is still unknown. More than likely, at some point, the individual will have to repurchase the 10,000 BTC, which could help to improve the price. Unfortunately, however, there is no way of knowing when this could take place or what impact it will have on the markets.