Upbit’s Tin tăng volume 273% sounds “exciting,” but do you remember this steel rule? When good news is released in a big, noisy burst, that’s often when the MM is quietly distributing to the retail crowd that just rushed in. I’m not saying things—just look back at January 2024, when the SEC approved the Spot Bitcoin ETF. Good news was known worldwide: BTC jumped from $42K to $49K, then dumped straight down to $38K within just two weeks. That’s the classic “Sell the news” trap. The MM waits until you chase at the euphoric top, then calmly sells.
Similarly, in March 2024, when BTC broke the ATH at $73K, the funding rate surged sharply, signaling extreme excitement. The result? An immediate deep correction of 18%—right away—to sweep the liquidity of impatient traders. Now, Upbit is rising strongly, which suggests that Korean capital is returning. But don’t be too quick to think this is the starting point of an endless bull run. The price reacted too fast; profit-taking pressure is inevitable.
My advice to you: Don’t chase a buy right now. Stay calm and wait for the pullback wave. I’ll place a Limit Buy order near a hard support zone around $64,500. If the price runs back and tests that area, that will be a great chance for the MM to trap retail again before pushing higher. Cut losses if the support breaks completely below $62,000—stick to the capital protection principle. Money is still there; you can just wait for the pullback wave before taking the wheel.
$BTC #BinanceSquare
#BinanceSquare #CryptoNews
Similarly, in March 2024, when BTC broke the ATH at $73K, the funding rate surged sharply, signaling extreme excitement. The result? An immediate deep correction of 18%—right away—to sweep the liquidity of impatient traders. Now, Upbit is rising strongly, which suggests that Korean capital is returning. But don’t be too quick to think this is the starting point of an endless bull run. The price reacted too fast; profit-taking pressure is inevitable.
My advice to you: Don’t chase a buy right now. Stay calm and wait for the pullback wave. I’ll place a Limit Buy order near a hard support zone around $64,500. If the price runs back and tests that area, that will be a great chance for the MM to trap retail again before pushing higher. Cut losses if the support breaks completely below $62,000—stick to the capital protection principle. Money is still there; you can just wait for the pullback wave before taking the wheel.
$BTC #BinanceSquare
#BinanceSquare #CryptoNews