Bitcoin faces 'insane' sell wall above $105K as stocks eye tariff ruling

Key points:

• Bitcoin faces a giant wall of ask positions above $105,000, with price pinned below.

• Traders warn of another dip thanks to a large amount of buyer interest around $100,000.

• The US trade tariffs come in for a Supreme Court grilling, with major implications for stocks.

Bitcoin (BTC) kept traders nervous Thursday as sellers lay in wait at $105,000.

BTC price faces new liquidity games

Data from Cointelegraph Markets Pro and TradingView showed the BTC price rebound flagging after the daily open.

Bulls faced an uphill struggle throughout Wednesday’s Wall Street trading session, and exchange order-book data confirmed a wall of asks positioned directly above price.

“Pretty clear price has been capped with the cluster of asks (sell orders) above $105K,” trader Skew said, calling the situation “not surprising.”

Skew warned that there were signs of sell-side pressure increasing as the price attempted a comeback.

“Often this tactic is used to drive price lower during asia hours,” he added, about the $105,000 asks.

Trading resource Material Indicators raised the stakes, arguing that it was “interesting” that the ask liquidity had not already caused a new market flush.

The owner of the positions, it suggested, “could be trying to suppress price down to the $98k - $93k range.”

“If price hits $105k, I’d expect part if not all of those asks to get pulled,” an X post forecast. 

“Before you panic sell, remember we have a bounce from the 50 Week SMA which, if it holds, has macro bullish implications.”

Commentator Exitpump called the ask wall “insane” and likewise implied that the liquidity may not be genuine.

$BTC What the hell is going on in orderbook on binance spot, insane amount of asks were added above price, can be spoof orders. pic.twitter.com/9aG0VB8ktT— exitpump (@exitpumpBTC) November 5, 2025

Tariff buzz puts traders on notice

Bitcoin OG Kyle Chasse saw the potential for another BTC price dip thanks to bid liquidity building below the price.

Related: Bitcoin price 21% dip ‘normal’ as accumulator wallets buy 50K BTC in day

“Confidence could get wiped in a heartbeat,” he told X followers Thursday, alongside data from monitoring resource CoinGlass.

With US stocks cooling their ascent to new all-time highs, the potential for the Supreme Court to strike down blanket international trade tariffs was of key importance.

Rumors began circulating that such a scenario would give equities across the board a major boost.

Prediction markets had little faith in tariffs remaining after mainstream media reports that judges were “skeptical” of their legality.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.