Bitcoin whale games get traders nervous as 12K BTC appears for sale
Bitcoin order book action is currently marked by significant sell-side liquidity, but this could just disappear at any time, analysis says.
Bitcoin (BTC) dipped below $60,000 at the Aug. 9 Wall Street open as traders eyed “unreasonable” whale moves.
Data from Cointelegraph Markets Pro and TradingView showed the latest BTC price uptick running out of steam after reaching $62,775 on Bitstamp.
Now down 3% versus the daily open, BTC/USD faced significant resistance above the $62,000 mark, with analysis suggesting that this could be intentional manipulation.
