#BullTrapAlert A sudden pump followed by a sharp drop—what many call a “bull trap”—is indeed a known tactic in both traditional and crypto markets. Here's how to assess whether the recent surge in crypto was a trap:
1. Was It a Trap?
Possibly Yes:$BTC
Bitcoin recently hit a record high ($108K). This type of movement can lure retail investors in at the top before a sell-off by whales (large holders).
But Not Clearly a Trap: There are strong fundamentals too:
Institutional buying (like $ETH
ETFs and strategic reserves).
Regulatory clarity from the U.S.
Long-term projections still bullish for 2025.