Claims of Bitcoin price manipulation emerge on social media as traders cite liquidity moves, exchange flows, and stalled BTC momentum.
A crypto analyst has shared bold allegations about Bitcoin price manipulation.
The controversy erupted when NoLimitGains posted detailed claims on social media. The analyst alleged that recent Bitcoin price action was not organic. Instead, he claimed it represented a coordinated liquidity operation.
Major Exchanges Allegedly Involved in BTC Price Moves
According to the post, Binance, Coinbase, and Wintermute orchestrated a deliberate pump-and-dump scheme.
NoLimitGains stated that Bitcoin sat in a zone with heavy short interest beforehand. Funding rates had flipped negative. Open interest was elevated. Stop losses were stacked above resistance levels.
🚨 MASSIVE BITCOIN MANIPULATION IS HAPPENING IN REAL TIME
What you just saw wasn’t organic price action.
This was a textbook liquidity operation.
Binance, Coinbase, and Wintermute pumped BTC to liquidate shorts, then dumped it right back down.
Here’s what actually happened:… pic.twitter.com/tBkefI9iRc
— NoLimit (@NoLimitGains) December 29, 2025
The analyst described how large players pushed prices aggressively higher into thin liquidity. However, the goal was not upside continuation. The alleged objective was liquidation of short positions.
“As price ripped, shorts were forced to cover,” the post explained.
That covering became fuel for further upward momentum. Every liquidation added more buy pressure. To observers, it looked like a genuine breakout.
Related Reading: Bitwise CIO Predicts Steady Bitcoin Returns Ahead
Retail Traders Allegedly Caught in Coordinated Operation
NoLimitGains claimed that while retail traders chased green candles, the same entities providing the initial push were unloading positions.
Large transfers reportedly hit exchanges immediately after the spike. Once short liquidations completed, no real buying interest remained underneath. Price snapped back down just as quickly.
The analyst called this coordinated behavior enabled by entities controlling both liquidity and execution. He labeled such actions illegal but noted that enforcement remains absent.
Meanwhile, another analyst, Daan Crypto Trades, shared a different perspective. His Bitcoin yearly liquidation heatmap showed no interesting levels. The chart indicated that price has gone nowhere this year. Any large clusters were taken out over the past six months.
$BTC Yearly liquidation/liquidity heatmap not showing any interesting levels.
Price has pretty much gone nowhere this year and took out any large clusters that were there over the past half year.
It will take time for larger clusters to build up which will happen as price keeps… pic.twitter.com/69ytO59yw7
— Daan Crypto Trades (@DaanCrypto) December 29, 2025
Daan stated it will take time for larger clusters to build again. This happens as price continues ranging or makes a large high-volume move.
Bitcoin currently trades at $87,536.58, according to CoinGecko data. The price declined 0.25% in the last 24 hours. Over seven days, Bitcoin dropped 2.47%. Trading volume reached $50.5 billion over the same period.
The allegations have not been verified by exchange representatives or regulatory authorities.