Bitcoin’s drop to $62,000 wipes out months of gains and sparks manipulation claims

Bitcoin fell to nearly $62,000 on November 15, its lowest level since July, erasing months of gains and triggering more than $2 billion in liquidations. Several analysts now claim large players orchestrated the crash, while others argue a simpler explanation is more likely. Traders care because manipulation claims, if credible, raise questions about market integrity and could weigh on confidence in the near term.