Featured News Headlines
- 1 Dogecoin Volatility Intensifies, Experts Question Market Flow
- 2 Claims of Exchange-Driven Pressure on Bitcoin
- 3 Unusual Order Book Activity Raises Red Flags
- 4 Sudden Price Swings Add to Market Uncertainty
- 5 Warnings of a Larger Move Ahead
- 6 Other Analysts Echo Manipulation Allegations
- 7 Wall Street Firms Also Mentioned
Dogecoin Volatility Intensifies, Experts Question Market Flow
Bitcoin, Ethereum, and Dogecoin have come under renewed selling pressure, sparking widespread debate across the crypto community. Several prominent market commentators now argue that the recent downturn may not be purely organic, pointing instead to potential market manipulation involving major exchanges and coordinated trading behavior.
The latest wave of declines followed a familiar pattern: sharp upward moves in prices were quickly erased, leaving traders questioning the underlying forces driving the market. While volatility is nothing new in crypto, analysts note that the structure of recent price action appears increasingly unusual.
Claims of Exchange-Driven Pressure on Bitcoin
Crypto commentator NoLimit was among the most vocal critics, outlining his concerns in a post shared on X. According to NoLimit, the recent weakness in Bitcoin’s price may be linked to contrasting activity between two of the largest cryptocurrency exchanges.
“Bitcoin is dumping because Binance is buying while Coinbase is dumping a large amount of BTC,”
NoLimit wrote.
He suggested that aggressive selling on Coinbase coincided with accumulation on Binance, creating imbalanced market conditions. Because Bitcoin often sets the direction for the broader crypto market, the resulting decline also weighed heavily on Ethereum and Dogecoin, which tend to track Bitcoin’s movements closely.
Unusual Order Book Activity Raises Red Flags
Expanding on his claims, NoLimit pointed to abnormal behavior in the exchanges’ order books. He highlighted a sharp spike in Binance’s Cumulative Volume Delta (CVD), arguing that the move could not reasonably be attributed to retail traders suddenly purchasing millions of dollars’ worth of Bitcoin.
At the same time, Coinbase’s CVD reportedly dropped, suggesting significant selling pressure on that platform. According to NoLimit, this divergence occurred almost simultaneously.
“This isn’t normal spot flow,”
he stated, adding that the activity resembled
“coordinated positioning, hedging, arbitrage, or pure manipulation.”
The result, he argued, was a rapid removal of liquidity, creating thinner order books and increasing price instability across Bitcoin and major altcoins.
Sudden Price Swings Add to Market Uncertainty
NoLimit further described how Bitcoin’s price appeared to react instantly to these alleged conditions. He noted a rapid sequence in which BTC dropped sharply, rebounded toward the $94,000 level, and then fell again shortly afterward.
These abrupt swings had a cascading effect, dragging Ethereum and Dogecoin lower in the process. The repeated reversals reinforced his belief that a small group of market participants may be exerting outsized influence.
“A group of people is playing with the market,”
NoLimit claimed, warning that
“most people won’t notice until it’s too late.”
He also emphasized that when major exchanges show sharply opposing net flows, it has historically served as a warning sign of larger moves being prepared behind the scenes.
Warnings of a Larger Move Ahead
According to NoLimit, such discrepancies between exchanges often precede major price movements. He cautioned that the current environment could represent a setup phase rather than random volatility.
“When exchanges completely disagree on net flow like this, it’s usually a warning,”
he wrote, adding that
“the next big move is being set up before the public catches on.”
While stopping short of predicting direction, he urged traders and observers to monitor market structure closely, suggesting that conditions were becoming increasingly unstable.
Other Analysts Echo Manipulation Allegations
NoLimit is not alone in raising concerns. Another crypto commentator, Vivek, also pointed to recent Bitcoin price behavior as evidence of potential manipulation.
Vivek highlighted that Bitcoin has repeatedly moved between $94,000 and $88,000 over the past several days. According to him, this range-bound volatility resulted in the liquidation of both long and short leveraged positions totaling more than $200 million.
“This is clear market manipulation designed to wipe out both leveraged longs and shorts,”
Vivek stated.
Such back-and-forth price action, he argued, benefits players with deeper liquidity and advanced execution strategies.
Wall Street Firms Also Mentioned
In a separate claim, crypto analyst Bull Theory recently accused Wall Street trading firm Jane Street of influencing Bitcoin’s price movements. He observed that Bitcoin, along with Ethereum and Dogecoin, often declines shortly after traditional market openings before recovering later in the session.
Bull Theory suggested that this recurring pattern may allow large firms to accumulate digital assets at lower prices.
“The market drops at the open, then recovers,”
he said, implying that
“this could be intentional price suppression to buy cheaper.”
While none of these allegations have been independently verified, they reflect growing frustration among market participants over transparency and fairness in crypto trading. The convergence of exchange-level data, liquidity shifts, and repeated price reversals has intensified scrutiny of how prices are formed in highly leveraged markets.
As Bitcoin continues to dictate the broader market’s direction, ongoing volatility in Ethereum and Dogecoin remains closely tied to developments around the flagship cryptocurrency. Whether recent moves are the result of manipulation or complex market dynamics, the debate highlights persistent concerns about structure, liquidity, and power concentration within the digital asset ecosystem.
