This weekend, an analytical article went viral in the English-speaking crypto community—pointing the finger directly at JPMorgan, claiming it is the mastermind behind the recent sharp drop of $BTC .

The logic of the article is quite interesting: this battle is essentially a clash between the old and new financial orders. On one side, there’s the Trump administration, the Treasury Department, and the entire crypto community, forming the “new forces” alliance; on the other, traditional banking giants have joined forces with the Federal Reserve, creating the “old guard” stronghold.

What’s even more intriguing is that the White House has yet to make a statement. Does this mean they tacitly agree with this view? Or are they waiting for prices to drop further to buy in at lower levels?

The games played in the market are never as simple as just reading candlestick charts.