$210 Billion Crypto Crash Fuels New Manipulation Allegations

In Brief

• A sudden $210 billion market drop has sparked renewed allegations of manipulation.
• The correction revived comparisons to October’s flash crash, but some blame weak support.
• Despite earlier signals suggesting a market bottom, the latest dip raises doubts.

Shedrach Kongvong 2025-12-01

The crypto market has seen another significant correction over the weekend with $210 billion wiped off the market. Analysts are raising fresh allegations of manipulation because of the crash but there are questions to answer.

Crypto analyst Ash Crypto shared his opinion on the crash, saying there was no logical explanation since no negative news or any development came up that could affect the crypto market. While this crash is not as big as that of October, other analysts also allege whale manipulation led to the over $700 million in liquidations.

Crypto Crash Brings Back October Memory

The correction over the weekend has brought back fresh memories of the October 10th flash crash which was also attributed to market manipulation. The market lost $900 billion from its total valuation and $19 billion in liquidations. Market commentators initially blamed President Donald Trump’s tariff announcement for the crash at the time which was later debunked.

Now with $700 million in liquidations and “no fear, uncertainty and doubt (FUD), no Trump tweet, no stock market crash, no tariffs or bad earnings’, Ash Crypto believes it is the result of pure market manipulation by whales. However, not everyone agrees.

Another analyst says the crash was due to lack of strong support to hold the upward move which he said was a dead cat bounce. The crypto market began a recovery a few days ago, with Bitcoin reaching up to $91,000 and analysts were starting to see a continuous upward move, but has suddenly lost the gains crashing back to $86,000 which was a key support.

It was at resistance after a dead cat bounce. That is the news, momentum, stalled and there wasn't a strong buy wall to catch the fall

— IncomeSharks (@IncomeSharks) December 1, 2025

With the correction, several top altcoins have also lost significant portions of their gains, including Ethereum with 5.3% loss, XRP with 6.22%, BNB with 5.36%, and Solana with 6.62% 24-hour losses at the time of this report.

Is the Bottom in Yet?

One reason this sudden market correction is a big surprise is because market analysts in the past few days have raised hopes that the market found a bottom and was ready to recover. One analyst referred to the Puell Multiple as an indicator that had previously predicted a Bitcoin bottom, saying it suggested a bottom was close.

On the contrary, things seem to suggest that the market may not be done with the downside yet and some time in the trenches may be required before a reliable upward move. The question is will Bitcoin hold the $86,000 support or still go to the $83,000 low.