The financial industry is facing a strange twist. On one side, the stock hit all time high, reaching levels never seen in history. On the other side, BTC and ETH crash, wiping out billions from the crypto space.
Many traders are asking: Is this just a rough phase in the industry, or a clear case of market manipulation?
The timing feels suspicious. Just when U.S. stocks hits record high, the crypto market crash deepens. Some analysts believe it’s not a natural fall, but a planned move by big players to shake out retail traders. Let’s uncover the truth behind it.
At the time of writing, Bitcoin trades at $109,930.98, down 2.66% in a day. Its 24-hour trading activity touched $64.96B, with a small rise in volume of 2.24%.
Meanwhile according to the CoinMarketCap data, Ethereum price fall was sharper, sliding 5.79% to $4,338.84 in just one day.
These moves show clear weakness in the cryptocurrency sector, even though shares are flying high. For many, the sharp BTC and ETH crash signals something bigger at play.
According to the Coinglass data, In the past 24 hours, the crypto market liquidation wiped out over $413 million across 127,000 traders.
Most losses came from bullish positions, with $351 million in long trades.
Ethereum, PYTH, SOL, and MITO saw some of the heaviest damage.
The single biggest liquidation was $4.38M on OKX in a Bitcoin trade.
For critics, this is proof the marketplace is rigged against overleveraged participants.
According to popular analyst ASH Crypto, what’s happening now looks familiar. He recalls how Eth crashed to $1,385, convincing many that it was finished. But within four months, it jumped 3.5x to $4,950, setting a new all-time high.
ASH believes the same manipulation is happening again. “They create fear, make people sell, and then pump the industry hard,” he says. With 2–3 rate cuts expected, fresh liquidity will enter global marketplace. If that happens, the setup for a massive Q4 pump in both the token looks strong.
While the crypto market crashes, the stock surge continues. The Dow, S&P 500, and Nasdaq all closed at record levels.
While, a report from Global Markets Investor account confirmed that U.S. stock valuations are now higher than the peaks of:
1929 (before the Great Depression)
2000 (Dot-Com bubble)
2008 (pre-financial crisis).
Valuations based on metrics like P/E, CAPE, P/B, EV/EBITDA, and Market Cap to GDP show the sector is at dangerous extremes. History shows that whenever valuations hit such highs, corrections often follow.
The contrast is striking: stock hit all time high, while crypto market crash dominates headlines. Many see this as a trap designed by powerful exchanges and institutions.
If history repeats, this could be a setup for a BTC and ETH crash now, pump later scenario. The real question is whether traders can survive the current drop and stay strong for the next move.
With possible rate cuts ahead, new liquidity could change everything. For now, the advice is simple: don’t get shaken out. This painful dip might just be the beginning of an epic Q4 breakout.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.