$BTC 90k In a post on X, Arthur Cheong emphasized the issue of price manipulation in the cryptocurrency market. He stated that project teams and market makers often collaborate to create artificial prices, obscuring market objectives. Investors find it difficult to determine real value and the factors affecting the market. This makes investment decisions challenging, as it is unclear which factors are truly influencing the market.

Arthur accused centralized exchanges (CEX) of not paying attention to this manipulation issue. He criticized exchanges for being negligent, implying that they play a significant role in this problem. According to Arthur, this has created opportunities for many low-quality, unreliable assets to flood the altcoin market.

Since the beginning of this year, the total market capitalization of cryptocurrencies, excluding the top 10 coins, has decreased by at least 38.33%. During this period, the market capitalization of altcoins dropped from $1.34 trillion to $961.7 billion. This decline reflects the difficulties faced by the altcoin market outside the top 10 coins.