$BNB $ETH $BTC 💥Is the BTC rebound a trap? The return to $70,000 is just a "breather"! The real reversal is here👇
Don't get too excited about this surge! BTC has surged back above $70,000, but this isn't about the strength of crypto itself; it's purely a market sentiment recovery driven by Nikkei and gold. Essentially, it's just a technical breather after a sharp decline, and the overall trend remains unchanged.
On-chain data doesn't lie: short-term retail investors are cutting losses, while long-term whales are quietly buying the dip. This is a leverage washout, not a complete surrender. The kind of rollercoaster seen with meme coins is purely a result of marginal liquidity fluctuations.
The key is whether it can stabilize!
The options market has set a floor: $71,500 is the true resistance level; if it can't hold, expect continued volatility.
The rebound has alleviated panic, but the on-chain structure needs time to heal. The bull market isn't over, but we must endure this phase of leverage cleansing.
