> The bitcoin price is kept where the large players need it to be. The market is thin and trivially manipulable with the billions of pseudo-dollars in unbacked

> The bitcoin price is kept where the large players need it to be. The market is thin and trivially manipulable with the billions of pseudo-dollars in unbacked stablecoins on unregulated offshore exchanges. > The bitcoin price needs to be high enough so the big boys’ loans don’t get liquidated, but low enough so bagholders don’t attempt to cash out and crash the price. It’s a tightrope. Can someone explain, please? Who is meant by "big boys" and "bagholders" here? Bagholders are holders of (smalls amounts of) Bitcoin, trivial. Big boys are the folks running the shady exchanges that basically borrowed money ("loans") and bought bitcoin with that, is that right?