$65K Bitcoin price targets pile up as 'Spoofy the Whale' buys the dip

Quick Summary:

With no added selling pressure from the ongoing rout in US stock markets, Bitcoin managed to erase most of the downside to come full circle versus the last Wall Street close.“Quite the volatility for a weekend indeed,” popular trader Daan Crypto Trades summarized in part of his latest content on X. “Looking like it might end up opening on Monday where it closed on Friday as most of the dump has been retraced now.”BTC/USDT 15-minute chart with CME futures data.

Related: 'Bitcoin Macro Index' bear signal puts $110K BTC price return in doubtAs Cointelegraph reported, the entity, which Alan dubbed “Spoofy, The Whale,” had used overhead liquidity to pressure the price lower and stop it from gaining traction above $87,500.

This form of order book manipulation, known as “spoofing,” is a common feature in crypto and can involve both bid and ask liquidity.“While I have no real way of confirming that it is the same entity using ask liquidity to herd price into their own bids, it certainly appears that Spoofy has been buying this dip and has bids laddered down to $78k,” he concluded on the day.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: Lows Been Bitcoin Weekend Lower Market Chart Price Crypto Liquidity Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-30 @ 14:12:20 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27439938

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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Year Established: 2013

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News Last Updated: 7 hours ago

Coverage Areas: United States

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Publisher ID: #11

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