Spoofing is a market manipulation technique that involves setting fake orders. It can be difficult to consistently identify, albeit not impossible. Evaluating whether removing buy or sell orders falls under spoofing requires a thorough analysis of the intent behind the orders.

Minimizing spoofing is desirable in any market, as it helps maintain a balanced environment for everyone involved. Since regulators frequently list market manipulation as a reason behind the rejection of Bitcoin ETFs, efforts to minimize spoofing could benefit the cryptocurrency market over the long run.