BTC’s Manipulative Behaviors Suspected
The Bitcoin market is currently witnessing a change in sentiments, with the influence of a major whale becoming more impactful than that of the average traders. While overall market activity remains subdued, there is a noticeable rise in Open Interest (OI)—a tally of unsettled contracts like options and futures still in play. This growing OI amidst a slow market points to large limit orders moving prices rather than a collective of individual trading actions.
As a result, the BTC market exhibits signs that may be indicative of a typical bear or bull trap, suggesting that positions are being cornered and potentially preyed upon for profit by a manipulative entity.
Investors have been observed engaging in buying at lower prices during market dips, commonly known as “takers puking,” and executing limit sell orders during market upswings, or “taker bids.” This represents the market’s tug of war, where takers (participants who go with the current market prices) are compelled to transact within the thresholds set by the manipulators, revealing the presence of a dominant market force.
Furthermore, instead of pursuing the uptrend, spot market takers are cautiously bidding on price declines. On the other hand, sellers in perpetual markets are exerting downward pressure on prices. This contrast in market behavior hints at deliberate attempts at market manipulation. If support in the spot market declines, there is growing worry about the possibility of market dominance by key players taking advantage of frail limit orders from the rest of the market. Over the last 24 hours, Bitcoin price witnessed a short-liquidation of over $15 millio
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