Analyst claims single entity is ‘suppressing’ Bitcoin below $90K

💡 DMK Insight

Bitcoin’s current price of $82,915 is under pressure from a single trading entity, and here’s why that matters: When one player has such a significant influence, it raises concerns about market manipulation and volatility. If this entity decides to offload a large position, we could see a sharp decline, potentially triggering stop-loss orders and cascading into a broader sell-off. Traders should be wary of this risk, especially with Bitcoin’s recent price action showing signs of consolidation. The $80,000 level is crucial; if it breaks, we might see a quick trip to lower support levels. On the flip side, if buying pressure emerges and the price holds above $82,000, it could signal a strong rebound. Keep an eye on the order book dynamics and volume trends. If we see increased selling pressure from this entity, it could be a signal to tighten stops or even consider short positions. Conversely, a sustained push above $83,000 could indicate that the bulls are regaining control, making it a potential entry point for long positions.