Bitcoin’s price experienced a significant decline on Friday, falling below $109,500 as large whales engaged in manipulative trading strategies. Traders attribute this move to the use of ‘spoofing’ tactics, where whales deliberately shift liquidity to artificially influence short-term price action and trigger market capitulation. Over $350 million worth of long positions were liquidated within 24 hours, highlighting further downward pressure on the cryptocurrency markets. 24 hours of volatile Bitcoin price swings followed a week of volatility, with analysts pointing to large inflows involving market makers like Wintermute as potential driving forces. These large inflows are believed to be part of a recurring strategy that involves consolidation, selling pressure, and subsequent rebound. Furthermore, upcoming US PCE inflation data is set to impact the cryptocurrency market. While the release could either exacerbate price drops or potentially spark relief rallies depending on its findings. The next few days will be crucial in determining whether the market continues to wobble under these pressures.