According to Material Indicators, there was a significant 'roof pull' from Spoofy the Whale accompanied by notable buying activity from another whale, referred to as 'purple whale'. This activity could potentially enable BTC bulls to aim for a green Monthly close. However, for sustained momentum, more bid liquidity is needed above the $75k mark. Source: [Material Indicators](https://twitter.com/MI_Algos/status/1906661466121404442).

According to Material Indicators, BTC's price is dropping into a support test as 'Spoofy the Whale' has lowered ask liquidity on FireCharts, applying downward pressure. This strategic move could create an opportunity for buying the dip.

According to Material Indicators, Spoofy the Whale has shifted liquidity once again, which typically results in Bitcoin's price increasing. However, traders are hesitant to buy due to strong technical resistance at the 200-Day and 21-Day Moving Averages (MAs) as reported by FireCharts.

According to Material Indicators, Bitcoin's inability to rally past $87.5k is due to price suppression by an entity known as Spoofy the Whale, impacting trading dynamics. The source suggests that large sell orders are strategically placed to prevent upward momentum, which is crucial for traders to consider when planning entry and exit points.

According to Material Indicators (@MI_Algos), Spoofy the Whale has been observed making significant moves in the BTC order book on Binance, applying downward pressure rather than chasing price. This activity suggests that BTC prices may remain pinned in a specific range until Jerome Powell's (JPow) upcoming press conference, indicating a potential strategy to influence market sentiment ahead of major economic announcements.