From $84,000 to $87,000 during the quiet Asian trading session on Monday morning – a period that is usually weak in trading volume.

Despite this rise, the RSI indicators suggest that the market is in "overbought" territory, and whale watchers have spotted large buy and sell orders on Bitcoin and Ethereum in a very short time.

A strong price increase with weak trading volume? This is often a liquidity trick, where large traders close their short positions and then lure bullish traders into a false breakout.

There is no strong news from the Federal Reserve or ETF funds to justify this rise, making it likely not a genuine upward movement.