>>60650318Imagine you're rich, with almost unlimited money. Like Larry fink. You believe bitcoin will go to $1 million..$10 million.
So you want as many BTC as possible. Do you really care if you buy at $150,000 or $100,000. No. So you manipulate the price to get to where ever the most amount of BTC is for sale at. The yellow lines is where Larry can get the most amount of BTC, so that's where the price will go.