CandleFocus

Bitcoin (BTC) Might Be Manipulated? Order Flow Analysis

Author: Content Editor
The recent order flow analysis suggests that there may be manipulation occurring in the price action of Bitcoin. The market behavior on Binance Spot has raised concerns, as it appears more artificial than natural. One significant indicator of manipulation was the pullback of a $63,000 bid right before BTC was driven down to $62,600. This suggests that larger entities may be influencing price action by manipulating bids and asks. There is also a desire to control the price evident in taker bids and passive buying. The market seems to be preparing for more pressure as bids are being pulled down and more asks are being placed around $64,000. Sellers may be attempting to prevent any bullish attempts, especially as the $65,000 mark remains an area of high supply. The current price movement is driven more by short-term momentum traders rather than an organically balanced market, as indicated by the overall CVDs and delta of Bitcoin. As liquidity is absorbed, volatility and direction may start to emerge, leading to a breakout.

Related News