Community post
a Bull trap for BTC?
Kraken and some other exchanges like FTX have been spoofing every bounce up, just to fill sell orders above. Both on BTC and ETH. That's not an organic move up, but a fake one. A bull trap.
When they pull the spoofing orders, market goes to new lows. They just pulled them.
#crypto #btc #bear #x100
#defi #market
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