Mike Alfred: Institutions are manipulating Bitcoin's decline using derivatives and futures; there's no need to panic.

According to Foresight News , Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted, "They (the firm) are going to great lengths to use every means at their disposal, including manipulating perpetual contracts, futures, and other derivatives, to try and drive down the price of Bitcoin. They are working overtime to scare people into selling their Bitcoin. Don't fall for it! This is one of the biggest scams I've ever seen on the market." BitMine Chairman Tom Lee subsequently retweeted the post and agreed.