What is happening in the stock market?

131 funds were liquidated due to manipulation; shortly before this step, a wave of initial public offerings (IPOs) continued, with even 4-5 IPOs per week, while the stock market as a whole had been collapsing for the last three and a half years. Furthermore, 49% of the companies listed on the stock exchange were projected to report losses in 2025. There's a mechanism that makes this terrible situation look good by using stocks with high weighting in the index, which is why all this happened. So why is no one investigating this issue? The maximum daily increase and decrease limit on stocks was reduced to 10% in the first months of 2020 on the grounds that the stock market was not normal; it still hasn't returned to the normal 20% limit. The actions and statements of the managers contradict each other; because there is no freedom of expression, no one can write or speak about it.