Bitcoin whale games get traders nervous as 12K BTC appears for sale 🐋.
$BTC dipped below $60,000 at the Aug 09 Wall Street open as traders eyed “unreasonable” whale moves. 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.
“Someone placed large sell orders from $61200-$62500, Total 12K BTC,” monitoring resource CoinGlass responded on X reviewing the Binance order book.
Popular trader Daan Crypto Trades noted the imbalance between bid and ask liquidity, with buyers still lacking volume from the day prior.
