According to Material Indicators, a substantial $117 million in BTC bid liquidity has suddenly appeared as a form of plunge protection. This liquidity can act as a buffer against sharp price drops, potentially indicating strong buyer support at current levels. Traders should remain cautious and vigilant for any sudden market shifts or 'rug pulls'.

According to AltcoinGordon, market participants are questioning when the Bitcoin plunge protection team might intervene to stabilize prices. While the existence of such a team is speculative, traders are advised to watch for coordinated actions from major holders or exchanges that could impact price stability, especially during periods of high volatility. It's crucial for traders to monitor large volume transactions and announcements from key market players. (Source: AltcoinGordon)