Analyst Claims Bitcoin and Ethereum Affected by Market Manipulation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Manipulation Claims: Renowned cryptocurrency analyst Garret Bullish argues that Bitcoin and Ethereum's underperformance is not due to macro factors but rather internal market dynamics, including deleveraging cycles and deliberate price manipulation by exchanges, leading to heightened investor anxiety.
- Deleveraging Impact: Bullish notes that the October deleveraging decline wiped out significant speculative capital, making crypto participants extremely sensitive to downside risks, particularly during periods of thin liquidity when concentrated selloffs frequently occur.
- Capital Flow Barriers: He highlights that retail capital has been absorbed by AI-related equities, and the transition of capital from traditional finance to crypto still faces regulatory and psychological barriers, limiting inflows into Bitcoin and Ethereum.
- Long-Term Optimism: Despite short-term underperformance, Bullish believes this represents mean reversion within a historical cycle, and anticipates a recovery in the crypto market as macro conditions improve and regulatory clarity increases.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







