2025: The Most Bizarre Crypto Cycle in History—Manipulation, Collapse, and the Rebirth of a New Order

Over the past year, the entire crypto market seemed to be meticulously manipulated by an invisible hand.

From political narratives to market liquidity, from ETF tailwinds to exchange collapses, everything appeared to follow a pre-set script.

2025 will no longer be a year of “bull” or “bear,” but rather a planned market reset (Controlled Detonation).

1. The Perfect Bull Market Illusion

At the beginning of the year, everything seemed to be heading toward a golden age:

Bitcoin ETF was approved;

The US President publicly supported BTC for the first time;

The media shouted “mainstream adoption”;

Market sentiment was completely ignited.

Political tokens $TRUMP, $MELANIA, $LIBRA exploded one after another,

Market cap soared, topics went viral—

But behind the scenes, the same group of wallets quietly sold off.

This was not the start of a bull market, but the perfect exit point for smart money.

2. ETF and Institutions: Who Is Creating the Liquidity Trap

After the ETF approval, the market generally believed that institutions would continue to flow in.

But the data revealed another side:

These institutions had already built positions at low prices during the bear market,

And the ETF approval was merely their “distribution exit.”

When retail investors thought the bull market had arrived,

ETF issuers were exiting through “legal liquidity.”

This round of the market was never intended for retail investors from the start.

3. Systemic Collapse of Trust

Before the major crash in October, the signals had already appeared:

Bybit lost 1.4 billion dollars in ETH;

Coinbase was hacked for 400 million dollars;

Large-scale phishing attacks swept the entire market;

Security, trust, and transparency all declined across the board.

And these cracks were completely torn open during the “disaster event” on October 10.

4. October 10: The One Trillion Dollar Collapse

In just two days,

The crypto market evaporated by over 1 trillion dollars,

More than 1.9 billion dollars in positions were liquidated.

The trigger?

A single sentence from Trump—“Considering imposing a 100% tariff on China.”

But what truly triggered the market was a series of pre-set short positions and bot algorithms:

Some wallets established over 500 million dollars in shorts 30 minutes before the crash;

Some whales transferred 700 million dollars to exchanges in advance;

Exchange liquidity disappeared, systems crashed, misquotations occurred, and a chain reaction of liquidations erupted.

This was not panic, but calculated panic.

5. A New Era of Manipulation: Algorithms and Narratives in Tandem

The 2025 market is not only controlled by capital, but also dominated by algorithms and narrative rhythms:

Policy “leaks” can trigger instant volatility;

A single tweet can move billions of dollars;

Government statements have become new trading signal sources.

Narratives have replaced fundamentals, AI and high-frequency trading have replaced human intuition.

The crypto market has officially become an experimental ground for the collusion of politics, technology, and capital.

6. Reconstruction After the Collapse

Amid chaos and manipulation,

A few people are quietly building a new order:

When exchanges crash, new decentralized infrastructure is being born;

When retail investors are liquidated, institutional funds quietly flow back in;

When everyone shouts “game over,” the next round is already being prepared.

This violent liquidation is not just a reshuffling of capital, but a “trust reboot.”

Conclusion:

The 2025 crypto market is a structural reset.

It exposes three cruel truths:

The crypto market is no longer decentralized, but “regulatory capitalization”;

Cycles are artificially compressed, volatility is controlled by algorithms;

Retail investors are no longer participants, but fuel for liquidity.

However, new order always emerges from chaos.

Those who remain, stay calm, and keep learning amid panic,

Will become the pioneers of the next cycle.

The real opportunity is not in the noise, but in the reconstruction after the collapse.

The market’s darkest moment is often the dawn of a new order.