$BTC The value of Bitcoin rose from $84,000 to $87,000 during the early Asian trading session on Monday, a period that is typically characterized by low trading activity. Despite this increase, the Relative Strength Index indicates a state of overbought conditions, and whale watchers have spotted massive buy and sell orders for both Bitcoin and Ethereum within minutes. Low trading volume and strong price movement? This could be a clear example of **liquidity harvesting** - where major players are closing their short positions before converting them into targeted long positions.
There are no major news from the Federal Reserve or updates from ETFs to justify this move, suggesting that it may not be a natural rise.
**If you are trading, stay alert:**