Recent Market Crash: Manipulation or Market Correction?

The cryptocurrency market has seen a significant downturn recently, with Bitcoin (BTC) dropping from $68,000 to $65,000 and Ethereum (ETH) remaining around $3,500. While many altcoins have suffered even steeper losses, some believe this trend might be due to manipulation rather than natural market forces.

Concerns:

The gradual decline of BTC seems suspiciously timed to avoid a sudden crash in ETH, potentially to stabilize its price before an anticipated Ethereum ETF approval.

The lack of short liquidations for ETH and the synchronized inflow with BTC's drop raise questions about the organic nature of the price movements.

Historically strong ETH performance despite BTC fluctuations further fuels speculation of manipulation.

Possible Manipulation:

The coordinated effort to inject funds into ETH while strategically dropping BTC might be an attempt to influence prices artificially.

The timing of this market movement suggests an alignment with the anticipation of an ETH ETF, potentially benefiting certain entities.

Call to Action:

While manipulation is a possibility, it's crucial to consider alternative explanations like market corrections before jumping to conclusions. More transparency from exchanges and influencers would be beneficial to rebuild trust within the crypto community.