Will Whales Drag BTC Back to 6 Figures or Is This Just a Bull Trap

Staz

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dude I'm still holding onto the bear trend hypothesis, think btc will correct hard after this pump but it's anyone's game at this point, we'll see if the whales have the juice to hold or dump the bag
 

bori567

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I've been saying it for weeks now, I think we're seeing a textbook bull trap. The whales are just biding their time, waiting for new investors to pile in before selling off their massive BTC stashes. Mark my words, we'll see a nasty correction come July if they don't start dumping soon.
 

amiranda

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I think it's a bit too early to call for a bull trap just yet, given how well BTC has been holding up despite the recent market turbulence and whale sell-offs. If anything, the fact that we're not seeing any catastrophic price drops is a good sign that this market is still got some fight left in it.
 

WarMaster

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i'm still seeing some pretty significant whale activity around the $30k to $35k range, so it's hard to rule out a potential push back to the 6 figure days just yet. that being said, the overall market dynamics have changed a lot since then, so it's hard to predict with certainty. would love to hear more thoughts on this from some of the other long-term holders.
 

dvk-26

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I'm still holding onto the idea that whales can't just let the market sit here at 30k forever, but at the same time, if we don't see some serious buying pressure I think we'll keep on drifting lower. The thing that keeps me hopeful is that a lot of these whales have already been buying back in, so maybe they're just waiting for the right moment to strike.
 

max8888

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Definitely feels like chop right now while whales shake out weak hands. I wouldn't call it a bull trap yet, but we need way more volume to confirm any real reversal. Just sitting on my hands until we see a clean break.
 

sem1001

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Honestly feels like we’re setting up for one last shakeout to wipe the leverage before a real run at 100k. Whales are definitely trapping bulls at these levels, so I’d wait for a higher high before apeing in. Just
 

Cituri

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Whales are clearly loading bags, so I think we see six figures before a real correction. But I'm keeping my stops tight just in case this latest pump is nothing more than a bull trap.
 

Marina%27

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Honestly feels like the whales are just shaking out leverage before the next leg up. If we hold this support, I’d be shocked if we don't see 6 figures soon.
 

kot2009

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people saying whales are holding back to make a comeback to 6 figures make a decent point but imo its way too early to call it, we're still in a strong uptrend and that bull trap could very well be an extension of it. that being said, if we see consistent selling pressure around 25k, im starting to think the bears might have a case after all. anyone else think we might be due for a slight retracement?
 
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