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BTC to PKR: Single Entity Holds Bitcoin Price Below $90,000
['Sabica Tahira']
TechJuice
Bitcoin (BTC) struggled to break above $90,000 as recent analysis suggests that a single trading entity is suppressing its price.
Data from Material Indicators shows this entity may be using a liquidity herding strategy to keep BTC lower, potentially influencing market behavior ahead of Friday’s options expiry.
Bitcoin has been trading in a narrow range, failing to match the gains of stocks and precious metals.
Analysts point out that large-volume whales often use order-book liquidity to manipulate short-term price action, creating traps for less experienced traders.
Wyckoff analysis by commentators like MartyParty suggests Bitcoin could dip below $80,000 by the end of the month.