I saw news that Kraken’s parent company’s revenue increased by 17%, but trading volume actually fell—have you noticed? There’s also a report saying Gen Z prefers ETFs and trades less than the older guys. Sounds familiar, doesn’t it? This is exactly the script that happened with the Bitcoin ETF in January 2024, when BTC jumped from 42K to 49K and then dumped straight down to 38K within two weeks. The good news had already been priced in, and the market was waiting for fresh liquidity. Now that everyone is piling into ETFs for safety, who is actually buying BTC on the exchange? That’s the big question for everyone to ask themselves. I can see the youngsters are playing differently—they don’t want to sit and watch the chart; they just want to hold. As for us, the old wolves, we know that every time liquidity dries up, it’s the moment market makers sweep both ends clean. Right now, BTC is hovering around 96K, seemingly accumulating in a sideways range within a tight band. If anyone here is holding an order, pay attention to the key breakout level at 98.5K. If it breaks this level, I’ll add a bit more; the nearest target is 102K, and farther out it’s 105K. But if the price can’t hold above 94.8K and it breaks through 94K, don’t hesitate—cut your loss right away or consider a light short, because then the 90K area will be where we can buy back at a better price. Remember: at this time, stop loss isn’t the enemy—it’s your friend. Don’t get swept up by the crowd’s emotions, because the youngsters are asleep, while the MM is awake.

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