CNBC host Jim Cramer has renewed his commentary on Bitcoin, stating that while he is “fine with Bitcoin itself,” he is suspicious of market forces that seem to be unnaturally propping up its price. He suggested that a “cabal” is working to keep the cryptocurrency from falling below key support levels.

Cramer’s remarks came as Bitcoin demonstrated peculiar price action. The cryptocurrency experienced a brief dip to around $59,800 before being immediately bought back up, quickly returning to trade near $61,500. He pointed out that this rapid, seemingly inorganic rebound looked less like a natural market reaction and more like a structured, deliberate defense of a price floor.

Market Reacts to the “Inverse Cramer” Playbook

This pattern of sharp dips being absorbed almost instantly has been a recurring theme. Whenever Bitcoin’s chart appears weak and poised for a deeper correction, buy-side liquidity immediately fills the gap, preventing any significant downside momentum from developing. This behavior has fueled speculation among traders and analysts about the forces at play.

For many market observers, Cramer’s skeptical comments trigger the “Inverse Kramer” playbook—a popular trading theory that suggests betting against his predictions. The immediate price recovery following his post was seen by some as another example of this phenomenon, as traders anticipated a move in the opposite direction of his concerns.

What Is the Bitcoin “Cabal”?

It’s important to note that Cramer’s focus wasn’t on Bitcoin’s long-term fundamental value. Instead, his criticism was aimed at the complex financial instruments that influence its short-term price behavior. He pointed to the powerful effects of derivatives, high leverage, structured products, and miner hedging strategies.

According to this view, these mechanisms have effectively “boxed” Bitcoin into a tight trading range. Rather than a widespread conspiracy, the “cabal” Cramer refers to is likely the collective impact of these powerful financial tools, which create structural support that prevents the price from moving organically.