Samson Mow: Bitcoin's range-bound price suggests artificial suppression

At Consensus Hong Kong 2025, Jan3 CEO Samson Mow suggested that Bitcoin's (BTC) recent price consolidation appears manufactured, Cointelegraph reported. He noted that BTC has peaked and remained in a tight trading range, which "doesn't look natural." He added that despite strong institutional and retail accumulation, including U.S. spot Bitcoin ETFs and Strategy buying more BTC than is mined daily, BTC's price remains stagnant. Mow argued that significant selling pressure is counteracting this demand. He also pointed to FTX Exchange's ongoing creditor repayments, which are based on BTC'S 2022 price of around $20,000, as a possible factor adding to selling pressure.