Bitcoin simply flipped the script. After weeks of tension, purple candles, and countless hypothesis a few deeper correction, the value motion tells a distinct story — this was a bear lure, and people who bought on the backside simply obtained performed.
It’s a well-known sample. Bitcoin dips arduous, technical analysts name for a deeper correction, and merchants panic-sell whereas whales accumulate. The most recent pullback to $78K triggered widespread concern, however identical to clockwork, BTC reversed with a vengeance, surging again above $94K in a matter of days.
For those who had been ready for $70K or decrease, the market simply left you behind.
A bear lure happens when an asset’s worth declines simply sufficient to lure in brief sellers and shake out weak palms — solely to reverse immediately and depart these merchants scrambling to purchase again at larger costs. That’s precisely what occurred right here.
On-chain knowledge exhibits vital accumulation close to the latest lows, with long-term holders and establishments scooping up BTC whereas retail buyers hesitated. Add within the sudden inflow of liquidity from a U.S. crypto reserve proposal, and you’ve got the proper…