Strategy behind major cryptos e.g. BTCUSD sharp price spikes and reversals?

Hello,

For a long time and sometimes once or more times a week we can observe that crypto price spikes e.g. today 10700 to 11k and hours or days later it reverts to the old level.

These moves happen fast and with high volume.

What could be the strategy behind this? If it's someone tryng to buy low and sell after price is high, someone else could frontrun so maybe it's another strategy?

Such high volume and fast moves look like done by advanced traders and they happen since a long time so I gues they are profitable if it's all done by one person/group and they aren't news related.

Submitted September 29, 2020 at 01:02PM by dodsen92
via https://ift.tt/36hTgYc

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