I wonder.
Is BitcoinCash Price Manipulated by Miners?
If comparing BTC hash rate 234E-BCH 1.2E -> 195%
and BTC price $2000-BCH $118 –> 169%
You will find it almost the same ratio.
It shows that.
Miners only need to maintain a small hash rate on the BCH network to be profitable.
They do not need to increase hash power on the BCH network, but still have a mining advantage.
Therefore, every time the price of BCH increases,
BCH miners will mine more, and immediately sell to the market.
That can give them higher profits.
That's just my thoughts.
Anyone have any other thoughts on miners potentially manipulating the BCH price?