Data from Material Indicators records little support for BTC’s price as it moves in a tight range between $42,500 and $43,500.
As the chart below shows, BTC had around $10 million in bids orders that were pulled as the crypto trended to the downside.
The chart also shows how an entity places strategic asks orders when BTC’s price attempted to reclaim its previous levels.
The above suggest a potential large entity trying to push BTC’s price down to accumulate BTC at optimal levels.
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