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Mike Alfred: Some are using derivatives to try to lower Bitcoin prices and intimidate investors into selling

Summary: According to reports, Mike Alfred, founder of Alpine Fox LP, stated that institutions are manipulating derivatives such as perpetual contracts and futures in an attempt to lower Bitcoin prices and intimidate investors into selling, calling it one of the biggest scams in the market. Tom Lee, Chairman of BitMine, retweeted and agreed.

According to reports, Mike Alfred, founder of Alpine Fox LP, stated that institutions are manipulating derivatives such as perpetual contracts and futures in an attempt to lower Bitcoin prices and intimidate investors into selling, calling it one of the biggest scams in the market. Tom Lee, Chairman of BitMine, retweeted and agreed.

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Link: Mike Alfred: Some are using derivatives to try to lower Bitcoin prices and intimidate investors into selling [Copy]

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