According to Material Indicators, Bitcoin's inability to rally past $87.5k is due to price suppression by an entity known as Spoofy the Whale, impacting trading dynamics. The source suggests that large sell orders are strategically placed to prevent upward momentum, which is crucial for traders to consider when planning entry and exit points.

According to Dan Held, claims that Bitcoin's price is being suppressed are unfounded and demonstrate a lack of understanding of how markets operate. He emphasizes that market dynamics, not suppression, dictate Bitcoin's price movements.

According to Material Indicators, large blocks of sell orders have been placed by so-called 'Weekend Whales' on Binance to suppress Bitcoin's price over the weekend. This strategy appears aimed at triggering panic selling from less experienced traders.