Crypto Crash’s True Nature: Controlled Deleveraging or Market Manipulation?

The record-breaking $19 billion crypto market crash on Friday has left traders questioning whether it was a coordinated sell-off orchestrated by market makers, or a natural process of deleveraging. Analysts are divided on the true cause of the significant price drop, while blockchain data suggests that most of the losses were caused by unwinding of leveraged positions, not cascading failures.