Bitcoin faced significant resistance around the $100,000 mark on Nov. 24, with manipulative trading tactics like “spoofing” driving the price toward a “pivotal low” of $97,000. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin sellers, both genuine and manipulative, blocking the $100,000 milestone. “Spoofing” involved creating walls of ask liquidity to push the market lower, forcing bots to sell during illiquid hours. Popular trader Skew noted that bid liquidity was positioned at $95,000, with $97,300 forming a key support level.
On Nov. 22, long-term holders realized record profits, with $443 million in Bitcoin sales as the price briefly hit an all-time high of $99,800.
Source: Cointelegraph
