According to @52kskew, BTC price action was dominated by order book spoofing both higher and lower. According to @52kskew, the only genuine buy flow was a TWAP bid supporting price during the move up. According to @52kskew, additional upside came from shorts closing into the rally rather than fresh spot demand.

According to @52kskew, Bitcoin (BTC) is seeing potential for a second round of large-scale activity, with multi 9-figure quotes appearing on both the spot and perpetual futures markets. Historically, such significant order book activity has often resulted in spoofing, where orders are pulled at the last minute. Traders should remain cautious, as these patterns can trigger short-term volatility and price manipulation risks in BTC markets (source: @52kskew).

According to Material Indicators, a significant block of buy orders for Bitcoin (BTC), referred to as a 'Big Buy Block' (BBB), was observed being pulled from the order book. This removal of a large bid wall is considered a bearish signal for traders, as it can indicate 'spoofing'—a tactic where large orders are placed to create a false sense of support and then canceled. The source noted, "There is nothing beautiful about this so called BBB," suggesting the move was deceptive and could lead to downward price pressure on BTC as the perceived support vanished.