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Bitcoin’s Fall to $62,000 Sparks Market Manipulation Claims

Bitcoin’s Fall to $62,000 Sparks Market Manipulation Claims

"Completely Orchestrated": Bitcoin's Fall to $62,000 Sparks Manipulation Claims. Photo by BeInCrypto
“Completely Orchestrated”: Bitcoin’s Fall to $62,000 Sparks Manipulation Claims. Photo by BeInCrypto

Bitcoin plunged to nearly $62,000 on November 15, its lowest level since July. The drop wiped out months of gains and triggered more than $2 billion in liquidations.

Now, several analysts claim that large players orchestrated the crash. However, others see a far simpler explanation.

Bitcoin (BTC) Price Performance. Source: BeInCrypto
Bitcoin (BTC) Price Performance. Source: BeInCrypto

Analysts Say Bitcoin’s Crash Was Pure Manipulation

Market manipulation refers to deliberate trading that distorts prices for profit. In crypto, critics often accuse large holders of pushing prices toward liquidation zones.

According to BeInCrypto…

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