Bitcoin Bull Market Illusion? Trading Volume Plummets, Crash Imminent!
Bitcoin really knows how to play! Last month it was like supercharged, shooting up over 30,000 dollars! We all watched it set new highs, about to break the 100,000 dollar mark, but it just fell short by 400 dollars, couldn't quite make it, and then came a sudden brake, turning around and dropping!
You say that 100,000 dollars is simply a barrier in traders' minds, many people are waiting to go long here. As a result, with this Bitcoin correction, hey, quite a few people were directly forcibly liquidated, it was a disaster!
I looked at the overall market trend, Bitcoin touched 97,000 dollars and then suddenly returned to the 90,000 to 92,000 dollar range. However, there were also quite a few buyers who made a killing during this fluctuation, profits exceeding 5 billion dollars! This trade is really making people envious!
But looking at the market in the last couple of days, the market trend does resemble before, but the trading volume? It's simply pitiful, only 44 billion dollars! I'm pondering, is Bitcoin pretending to be strong on purpose, trying to trick those buyers into going long? But if someone really falls for it, heh, who knows, they might just get forcibly liquidated and end up crying!
To be honest, even though Bitcoin is still hovering in a bull market, I can't help but feel in my heart that this bull market might be coming to an end, turning into a bear!
So, everyone, stay sharp and be ready to run! In a market with such low trading volume, it’s better for us to keep our distance, after all, the big whales are all there scheming!
Thank you all for taking the time to read!
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