"There are those with huge holdings who have an interest in stability for the sake of its adoption as a currency, and its long-term value. They can easily manipulate the market towards stability."
I didn't say that it was "suspicious". I said it was manipulation. It appears that you agree?
But, maybe you meant to ask why such manipulation is bad, unhealthy, or similar?
In any event, my comment was directed at the general pontificating about why the price is on the move, which always occurs during periods of volatility. That discussion takes place as if we are talking about, say, an asset that is traded in a free market. But, my point is that it is not a free market and that the price is instead dictated more by manipulation and fraud.
Why is this suspicious?