Bitcoin Price Faces 'Rug Pull' Threat at $104k Amid Order Book Spoofing

By Team • Trading • June 11, 2025 at 07:24 PM • 1 min read • 1,819 views
Bitcoin Price Faces 'Rug Pull' Threat at $104k Amid Order Book Spoofing
Traders are warning of potential market manipulation and a 'rug pull' scenario for Bitcoin as its price shows weakness around the $104,000 level. Analysis from trading resource Material Indicators has identified significant 'spoofing' activity in the BTC order book. Large bid orders are appearing and disappearing, potentially luring traders into a false sense of security before being pulled away. This highlights the sophisticated market manipulation tactics used by large traders.
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