I'm concerned about Bitcoin rapidly dropping to around $60,000, and it seems that market maker activity is heavily involved behind the scenes. Seeing the sudden change in ask (sell order) movements suggests that major liquidity providers might be intentionally exerting price pressure.



In reality, market makers have the ability to influence overall market movements by managing the spread between buy and sell prices. Looking at Bitcoin's price movements over the past few days, there have been repeated patterns of sudden increases in sell orders, which are likely not just natural selling but strategic price manipulation. Currently, Bitcoin is trading around $73,960, and it's worth watching how long this level can hold.

While the actions of these large players can cause short-term market confusion, they also play a role in maintaining liquidity in the long run. However, as individual traders, it's important to understand this background and act accordingly.
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