Crypto Pundit NoLimit Claims Manipulation Behind Bitcoin, Ethereum, and Dogecoin Dump

Crypto analyst NoLimit has explained why Bitcoin, Ethereum, and Dogecoin have been dumping, pointing directly at alleged market manipulation. He highlighted that these assets have repeatedly posted gains only to fully retrace them shortly after, a pattern he argues is not organic.

Binance Buying, Coinbase Dumping — A Coordinated Move?

In a post on X, NoLimit stated that Bitcoin began falling because Binance was aggressively buying while Coinbase was simultaneously dumping a significant amount of BTC. This imbalance, he says, triggered Bitcoin’s decline, which then dragged Ethereum and Dogecoin down with it, as both tend to mirror Bitcoin’s momentum.

Strange Activity in the Order Books Raises Flags

NoLimit pointed out an unusual spike in Binance’s Cumulative Volume Delta (CVD), noting that it wasn’t caused by retail investors suddenly buying millions of dollars in Bitcoin. At the same time, Coinbase’s CVD plunged, suggesting the exchange off-loaded BTC in large volume. According to him, this conflicting flow between two top exchanges is not normal and signals coordinated positioning, hedging, arbitrage — or outright manipulation.

Liquidity Pulled, Order Book Thinned, Prices Reacted Instantly

The analyst emphasized that liquidity was quickly removed, creating a thin order book that amplified price swings. He noted that one venue was being aggressively bid up while the other was being drained, causing Bitcoin to drop, bounce to $94,000, and then drop again. Ethereum and Dogecoin followed the same pattern. NoLimit warned that a small group of actors is likely moving the market while most traders remain unaware.

A Warning Ahead of the “Next Big Move”

NoLimit stressed that when major exchanges disagree so sharply on net flow, it is usually a warning signal. He believes a significant market move is currently being set up before the public realizes it and urged traders to pay close attention in the coming days.

Other Analysts Echo Manipulation Claims

Another crypto pundit, Vivek, also suggested manipulation, noting that Bitcoin has round-tripped between $94,000 and $88,000 three separate times in recent days, liquidating over $200 million in both longs and shorts. He said this pattern is a textbook wipeout strategy targeting leveraged traders on both sides.

Wall Street Firm Jane Street Accused of Influencing Price

Crypto analyst Bull Theory recently accused Wall Street trading firm Jane Street of manipulating Bitcoin as well. He observed that Bitcoin, along with Ethereum and Dogecoin, tends to drop at the market open and then recover later, suggesting the firm may be pushing prices down to accumulate at lower levels.