Bounced #BTC☀ to $105,000 on June 6, 2025, after a drop to $100,430, the lowest in four weeks. But with increasing doubts about leverage, custody practices, and American strategic reserve delays, is this rise sustainable or a "bull trap"?
1. Recent Bitcoin volatility
Drop: Bitcoin fell to $100,430 on June 5 due to the liquidation of a large position by a "hyper-liquid whale" at $104,000, driven by excessive bullish leverage.
Bounce: Rose to $105,000 the next day, but doubts persist.
Reasons: Concerns about economic recession, doubts about rehypothecation, and strategic reserve delays.
2. The bullish trap: Why worry?
Definition: A temporary rise that attracts investors before a sharp decline.
Reasons:
High leverage increases volatility.
Doubts about custody and rehypothecation practices.
Strategic reserve delays hinder recovery to $110,000.
3. External factors and politics:
Trump and Xi Jinping's talks about tariffs raise speculation of a coordinated drop.
Elon Musk: His statements may affect the market.
Macroeconomics: Recession fears make investors cautious.
4. Forecasts and tips
Forecasts: Recovery to $110,000 is currently unlikely.
Tips:
Avoid high leverage, follow economic news, and choose reliable custodians.
Will Bitcoin rise again or drop again?
Share your opinion!
#bitcoin #MarketPullback #binance #BinanceAlphaAlert
