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Mike Alfred: Institutions are manipulating the Bitcoin fall using derivation and futures, no need to panic.
According to Foresight News, Mike Alfred, the founder and managing partner of Alpine Fox LP, tweeted that “they (institutions) are doing everything they can to use various means, including manipulating Perptual Futures, futures, and other derivations, to try to lower the price of Bitcoin. They are working overtime to intimidate the public, trying to get them to sell Bitcoin. Don't be fooled! This is one of the biggest eyewashes I've seen in the market.” Tom Lee, chairman of BitMine, subsequently retweeted the post and expressed his agreement.