Aggressive Buying Could Turn Into a Trap for Late Investors

[johnblockbuster]

Interestingly, spot demand is rising fast. Large amounts of Bitcoin are being withdrawn from exchanges, a signal typically associated with accumulation and long-term holding. On the surface, this looks bullish — but combined with weak volume and unresolved on-chain signals, it may be misleading.

If Bitcoin fails to break above key resistance near $79K, this accumulation wave could turn into a trap, leaving recent buyers exposed to a potential pullback toward lower support levels. The next move will likely depend on whether BTC can break out convincingly — or if the market needs one more shakeout before a real recovery begins.

[madmax]

still waiting for the “real bottom” episode of this cycle