We often heard about market manipulation in crypto market. It can be true for small cap, or coin that issue by exchange or for the token where most of that token hold by team. But we also heard it about Bitcoin and etherum, when price fluctuate in large scale. I don't understand how these large cap coin can be manipulate, when these coin are well distributed and decentralized?
Even large-cap coins like Bitcoin and Ethereum can be manipulated due to whale activity, margin trading liquidations, fake news affecting sentiment, and low regulation. These factors can cause significant price swings despite their decentralization.