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Bitcoin has surprised everyone once again after clearing the lower liquidity zones and crossing the $100,000 mark. This sudden pump has created both excitement and confusion in the market. Now the big question is — is this a real recovery or just another bull trap?
From my perspective, there are two possible scenarios right now:
1️⃣ The Bull Trap Theory: The market might have intentionally cleared the lower side liquidity, making traders believe the price would continue rising. Many opened long positions, but this could simply be a strategy to trap them before the market drops again.
2️⃣ A Recovery from Global Events: The impact of wars and global tensions affects the crypto market as well. It's possible that Bitcoin is now slowly recovering from that pressure, and this upward move is a sign of long-term strength.
💡 My Personal Experience: I’ve been watching Bitcoin closely for quite a while. Trading on Binance has been smooth and reliable. Whether it’s a breakout or a fakeout, staying updated and managing risk is the key. Let’s see where Bitcoin goes from here — either way, it’s going to be an exciting ride!
- *North Korean Hackers Target Crypto Projects*: North Korean hackers are using a new Mac exploit to target crypto projects, bypassing Apple's memory protections and deploying an infostealer payload to target crypto wallets. - *Ripple Applies for US Banking License*: Ripple has applied for a US banking license, joining the crypto rush for legitimacy and following Circle in looking to be its own bank after Congress moved ahead with a bill to regulate stablecoin issuers. - *Bitcoin May Reach $116K in July*: Analysts predict Bitcoin may tap $116,000 in July amid a "perfect storm" of macro catalysts, representing a 6.45% jump from Bitcoin's current price. - *Tether Challenges Circle's Lead on BitPay Payments*: Tether's USDT has challenged Circle's USDC lead on BitPay payments in 2025, with the trend shifting in favor of Tether this year. - *Crypto Theft Campaign Hits Firefox Users*: Over 40 fake Firefox extensions impersonating popular crypto wallets have been used in an ongoing campaign to steal users' wallet credentials ¹ ².
Some notable price movements include ³ ⁴: - *MOODENG Coin Surges 39%*: MOODENG coin has surged 39% after listing on Upbit, triggering massive trading frenzy. - *BONK Rises 22%*: BONK has risen 22% due to ETF excitement sparking fresh rally. - *Bitcoin Nears $110K*: Bitcoin's price has surged to near $110,000, with hopes of a rate cut boosting crypto markets.
Recent developments also include ¹ ² ⁴: - *First Solana Staking ETF Hits $12M*: The first Solana staking ETF has hit $12 million in its first trading day, overcoming SEC hurdles. - *Ethereum Community Foundation Forms*: The Ethereum Community Foundation has been launched with a "mandate" for $10,000 ETH, aiming to "do what the Ethereum Foundation won't".
Today’s market movement was quite interesting. Bitcoin pumped after clearing the lower side liquidity and is now trading above $100k.
I see two possible scenarios here:
This could be a bull trap, where the market pumped just to trap long positions and might drop again soon…
Or it’s a recovery move, bouncing back slightly from the recent war-related panic.
Personally, I believe the first scenario is more likely. Right now, the market direction is unclear and we might see some fake moves designed to confuse traders.
In such conditions, I prefer using small position sizes. As I’ve mentioned before, this seems like a good time for some spot buying — but don’t fall for the traps!
I’ve been keeping a close eye on OM/USDT recently. Right now, the current price is $0.2272. Based on my risk management strategy, I’ve set a stop loss at $0.21, which is around 7.6% below the current price. I chose this level after doing some technical analysis, and I believe if the price drops to that point, it’s better to exit the position to minimize losses.