According to CoinMeta, market observers are concerned about manipulative behavior in the cryptocurrency market. Recently, a number of crypto assets such as BTC, ETH, SOL, and LINK experienced significant declines at the same time, which observers believe may be the result of market manipulation. Some question whether institutions holding large amounts of cryptocurrencies sold off their holdings concurrently, leading to severe market volatility. This incident has sparked discussions about the motives of those who manipulate the market, wondering if it is related to government directives or tacit agreements between financial institutions.