The market action over the past few months has been a carefully orchestrated Bitcoin pig-butchering scheme‼️
1️⃣ Luring bulls in:
From July to September this year, major Bitcoin players engineered a price pattern that closely resembled the start of the previous bull market:
First, a sharp surge from August 17 to 21 led many investors to believe the bull market had arrived;
Then, from September 16 to 21, Bitcoin climbed further, breaking above the May high of 82,850 and staying above that level for some time. This convinced most investors that the bull market was here. They got carried away, afraid to miss out, and couldn’t resist chasing prices higher. Meanwhile, major players gradually sold off their holdings while the price consolidated near the highs, completing the bull trap.
2️⃣ Liquidating bulls:
After bearish news emerged—including the Binance hack and worsening regulatory expectations following a Democratic landslide in the midterm elections—major players stepped up their selling. After MSTR was removed from the MSCI index, the price broke below the trendline of the rebound and began to fall faster.
The price has now entered the support zone (61,500–67,000), but there are still no signs of a bottom. A large amount of long-position liquidation liquidity is concentrated in the 60,000–62,500 range, which also largely represents the bulls’ last psychological line of defense.
$BTC #加密美股齐跌，下轮反弹的驱动力在哪？
1️⃣ Luring bulls in:
From July to September this year, major Bitcoin players engineered a price pattern that closely resembled the start of the previous bull market:
First, a sharp surge from August 17 to 21 led many investors to believe the bull market had arrived;
Then, from September 16 to 21, Bitcoin climbed further, breaking above the May high of 82,850 and staying above that level for some time. This convinced most investors that the bull market was here. They got carried away, afraid to miss out, and couldn’t resist chasing prices higher. Meanwhile, major players gradually sold off their holdings while the price consolidated near the highs, completing the bull trap.
2️⃣ Liquidating bulls:
After bearish news emerged—including the Binance hack and worsening regulatory expectations following a Democratic landslide in the midterm elections—major players stepped up their selling. After MSTR was removed from the MSCI index, the price broke below the trendline of the rebound and began to fall faster.
The price has now entered the support zone (61,500–67,000), but there are still no signs of a bottom. A large amount of long-position liquidation liquidity is concentrated in the 60,000–62,500 range, which also largely represents the bulls’ last psychological line of defense.
$BTC #加密美股齐跌，下轮反弹的驱动力在哪？
