⚠️ The $10K Plunge & The $BTC Liquidity Trap: Is The Rally Sustainable? ⚠️
We just saw $BTC drop from almost $118k down to $108k in a few days—a massive $10,000 move! Now we're back above $114,000, but let's talk real analysis. This latest push up is on thin volume compared to the sell-off volume. It smells like a classic liquidity grab: pushing the price high enough to liquidate short positions before a potential second leg down. Institutions are still scooping up $BTC via ETFs, but the short-term market structure is screaming "WASH-OUT." For a true, sustained rally back to previous highs, we need to see daily close above the $115,500 zone with convincing volume. Until then, stay nimble.
Do you think this is a true reversal or just a bear market trap?
Let me know! 🤔