Bitcoin price remains below $85K, influenced by whale activity and reduced global liquidity.
Spoofy Whale Activity Suppressing BTC Price?
Keith Alan from Material Indicators noticed large sell orders capping Bitcoin near $87,500, while buy orders down to $78,000 signal a possible strategy to buy the dip.
>“While I have no real way of confirming it’s the same entity… it certainly appears that Spoofy has been buying this dip,” Alan stated.
The suspected whale uses order book liquidity to steer the price into desired positions.
$92K Breakout Could Change Everything
Pseudonymous trader Ted argues BTC is in a Wyckoff re-accumulation phase. He describes the dip below $85,000 as "pure manipulation."
>“Once BTC goes above $92K, bears will get rekt,” Ted posted.
This aligns with UFO Calls’ analysis, noting liquidity clustering near $85,000 on Binance.
CME Gaps, S/R Confusion Add Complexity
Rekt Capital highlights Bitcoin dominance as a critical altseason trigger. Historically, altseasons begin when Bitcoin dominance hits 71% and gets rejected.
Meanwhile, analyst Ali noted increased whale activity, adding nuance to macroeconomic factors, including a $1 trillion drop in global money supply over the past two weeks.
Bitcoin’s price remains in a contested zone influenced by whale activities and macroeconomic factors. However, a breakout above $92,000 could relieve bearish pressure and support a bullish trend.
