Bitcoin (BTCUSD) Soars on Shark Accumulation Despite Bull Trap Warnings
Large Bitcoin holders are accumulating amidst a 30% pullback, signaling long-term confidence despite warnings of a potential short-term bull trap and downturn.
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Large Bitcoin holders are accumulating amidst a 30% pullback, signaling long-term confidence despite warnings of a potential short-term bull trap and downturn.
Strategy increased its Bitcoin holdings by 1,229 BTC, accumulating over 672,000 BTC despite Q4 price weakness below $90,000, signaling confidence in long-term Bitcoin value.
Bitcoin bounced near $110,000 with signs of strong accumulation and bullish RSI divergence amid panic selling, suggesting renewed investor confidence despite recent price weakness.
MicroStrategy bought 4,048 BTC at an average ~$110,981 as BTC dipped below $108k, raising its holdings to 636,505 BTC; August purchases totaled 7,714 BTC, funded via ATM offerings and down from July’…