BTC played a crazy game today, what are the market manipulators up to?

This morning's violent surge and drop has left me feeling on edge! Bitcoin today went for a high-altitude bungee jump, opening at $1569 and violently pushing up to $1860, a 17% increase that disappeared just like that, now stuck around $1749 pretending to be dead.

This movement has been disastrous for contract traders—just this morning's spike caused a loss of $230 million across the network, with long positions piling up like a mountain of corpses!

Why the sudden volatility? At 3 AM, the Federal Reserve made a dovish announcement saying "to pause tapering," and institutions immediately used this as an excuse to push the market up.

But if you carefully review the on-chain data: whale addresses are frantically transferring coins to exchanges above $1800, with Binance receiving 12,000 BTC alone. Isn’t this clearly a move to raise prices for offloading?

Even more sinister, the net inflows for BlackRock's Bitcoin ETF (IBIT) suddenly halved today; smart money has already caught the scent of blood!

How to break the current situation? Focus on two key levels:

$1780 is the MA120 dead zone on the 4-hour chart, and three attempts to break through this level this morning were all crushed back.

$1720 has a gap left three days ago; breaking below this will trigger panic selling.

For spot traders, it is advised to set a grid between $1720-$1750 to capture the fluctuations, while contract traders should either wait for a breakout above $1780 to go long or place a reverse short at $1725.

Remember, the funding rate across the network has skyrocketed to 0.15% (annualized 54%), and market manipulators are waiting to squeeze long positions!

Exclusive intel from the Turtle: Grayscale (GBTC) has reduced its holdings by another 3,000 BTC today; these guys have been fleeing for 22 consecutive days. But there’s a strange phenomenon—Coinbase's premium has suddenly turned positive, and Asian capital might be secretly bottom-fishing.

Brothers, when copying the homework, make sure to pick the right timing, don’t let European and American institutions harvest you like chives!

Feeling confused? Can’t find a way out? Follow real-time trades!

I am the Turtle, backed by a top-tier team; you have dreams, I have pursuits! Why not win together?