According to Material Indicators (@MI_Algos), the warned BTC fakeout materialized as a large block of ask-side liquidity entered the order book and herded price back down, indicating active sell pressure at overhead levels, source: Material Indicators (@MI_Algos) on X, Sep 6, 2025.

According to Miles Deutscher, the cryptocurrency market experienced a notable fakeout, which traders should carefully consider when making future decisions. A fakeout in this context refers to a price movement that suggests a potential breakout but then reverses direction, potentially trapping traders who acted on the initial move. Traders should remain vigilant about such market manipulations, as they can significantly affect trading strategies and outcomes (source: Miles Deutscher).