Currently, the cryptocurrency market is experiencing a period of sharp volatility and noticeable manipulations, with sudden spikes in the prices of Bitcoin and alternative currencies, followed by sharp declines. This pattern indicates interventions by market makers who exploit techniques such as "wash trading" and "pump and dump" to manipulate prices.
In the market: Reports indicate that the volume of wash trading on networks like Ethereum, BNB, and Base has reached approximately $2.57 billion.