Bitcoin’s Sudden $3K Surge Sparks Manipulation Fears Across Crypto Markets

[bonk]

Bitcoin shocked markets on Tuesday, jumping from $91K to over $94K in just two hours during US trading hours. With no major news breaking, traders were quick to raise alarms, calling the move suspiciously engineered.
Analysts flagged unusual order flow, including Wintermute reportedly buying $68 million worth of BTC in one hour. Additional data suggested major players such as Coinbase, BitMEX, Binance, and Bitwise executed large clustered buys. Critics call it a classic liquidity raid designed to force liquidations and trap unsuspecting traders. The spike has already partially retraced, adding weight to the manipulation theory.

[Rimon Khan]

Fast pumps always trigger ‘manipulation’ debates—nothing new here.

[Nahid Hossen]

Structural liquidity gaps make BTC prone to sharp upside moves.