Key points:
Bitcoin whales take over “false” transactions that send a BTC price share below $ 110,000.
Bitcoin’s “whale play book means that the price is repeating the behavior of early August.
The US PCE inflation data is under the microscope as the next market potential engine.
Bitcoin (BTC) fell almost 3% on Friday, since attention again focused on the sale of whales.
Bitcoin “false” price movements pose suspicions
Co -Intelegraph Markets Pro and Commercial view He showed that BTC/USD fell at $ 3,000 in hours to local minimums of $ 109,436 in Bitstamp.
As Crypto Long settlements He hit $ 350 million for 24 hours, merchants blamed the whales.
“This is not noise. It is the whale play book,” the merchant Merlijn wrote in an X publication on Friday.
Merlijn marked great tickets to the Wintermute market manufacturer that involves BTC and the largest Altcoin, ether (ETH).
As Cinelegraph continues to inform, whale sales pressure has influenced the BTC price behavior throughout August, resulting on a trip below $ 109,000 earlier this week.
“$ BTC has been doing the same over and over again,” Merchant partner Bitbull continued, describing a consolidation, capitulation, outbreaks and demonstrations pattern.
“Looking at the BTC chart, we are in the capitulation phase. This could last a few weeks and will provide good tickets. Be attentive.” said X followers.
Keith Alan, co -founder of commercial resources material indicators, agreed that the shares of liquidity owners seemed manipulators.
Alan brought back the entity that had previously called “Spoofy The Whale”, referring to deliberate liquidity changes to influence the price action and catch other merchants.
“It seems that ‘spoofy’ is up to its usual games, which adds some predictability to the short -term price action,” he summarized In a publication x.
Uncertain cryptographic markets in the impression of US PCE.
Other factors that play in the weakness of BTC prices include macroeconomic tensions that surround the inflation data of the United States.
Related: Bitcoin can still reach $ 160K at Christmas with the return of Q4 ‘average’
The “preferred” inflation meter of the Federal Reserve, the Index of Personal Consumer Expenses (PCE), was due at 8:30 am east time.
Inflation data are of first importance for crypto and risk assets before the FED interest rate cut in September.
“Fed’s favorite indicator could feed the dump … or light the relief rally,” Crypto Analysis Kyle Doops host arguedAdding that Bitcoin was “staggering” before PCE printing.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
