Bitcoin price slips 28 following near 665K as Bitcoin whales face criticism

Bitcoin (BTC) experienced a decline on June 20 as it failed to sustain its upward momentum beyond $66,000. The sudden drop of $2,000 was attributed to large players in the order book, according to data from Cointelegraph Markets Pro and TradingView. Material Indicators, a trading resource, confirmed that whales were manipulating bids in the order book. CoinGlass, a monitoring resource, also confirmed that the new focal point for liquidity was around $64,250. In addition, BTC positions, both long and short, were affected by the day’s volatility, with shorts suffering losses. Meanwhile, the latest macro data from the United States showed mixed signals on progress and inflation. Jobless claims for the week through June 15 were slightly higher than expected, indicating that business and liquidity cycle lows are occurring. It is important to note that this article does not provide investment advice and readers should conduct their own research before making any decisions.