Bitcoin 'whale games' come early as BTC price swoons below $60K

) slipped below $60,000 for the first time in seven weeks on June 24 as analysis blamed “whale games” for downside.Weakness which began after the weekly close continued through the Asia and Wall Street trading sessions to deliver 5% losses on the day for BTC/USD.

“Near range ask liquidity is paper thin in the Bitcoin order book so it won't take much to push price up from here,” it Material Indicators referred to upcoming United States macroeconomic data releases, and added that liquidity “spoofing” courtesy of whales was also visible —Long liquidations for the 24 hours to the time of writing topped $136.5 million, with the crypto total at $265 million.Others compared the current pullback versus others since the beginning of the latest Bitcoin bull market at the start of 2023.

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