Trap Alert: The FOMO move on $BTC isnât what it seems đš
Price just wicked above $62k today.
Twitterâs euphoric, but the data tells a different story.
What changed: Open interest jumped +18% in 24h.
Why it matters: Too many leveraged longs usually precede liquidations.
How it plays: Sharp squeezes trap late buyers, then flush.
Action/guardrail: Wait for clean retest of $60.5k before scaling in.
Risk/invalidator: If daily closes above $63k with volume, bias flips bullish.
Markets reward patience, not chasing.
Sometimes the best trade is no trade.
đ Bull or bear for next 7 days?