Bitcoin All-Time High At $125,700 Was A Trap, Warns Analyst

Bitcoin’s weekend increased to a new rise at an absolute rise at $ 125,700 to a large extent, and was largely a product of speculation benefiting from delicate conditions, according to the Crypto Maartun analyst, who described this step as a classic fake instead of permanent outbreak. He said: “Bitcoin prints the highest new level ever, 125,700 dollars … but he stuck to the second. The price was almost immediately,” and it frames the question that follows: “Was this a real move?”

The truth is behind the weekend in Bitcoin

Marketun Argue The answer sits in the futures market. Open benefit – capitalism associated with the positions of distinguished derivatives – “not only rising, it exploded completely”, as it rose by more than $ 2.1 billion during the gathering. In telling him, this mutation came “during the weekend, a time when there are fewer buyers and sellers around it,” which inflated the impact of location in a low liquidity window. He said: “This entire step was driven by futures, by bets,” adding that the jump is in an open interest, about 5 %, delivered the market to “a house of cards ready to fall in the lowest touch.”

The same importance, Marton says, is what has not happened: a flow from instant buyers committed to supporting progress. Earlier in the week, Coinbase noticed an aggressive request immediately, trading about $ 110 over other places – evidence of “real buyers … picking bitcoin”. During the weekend, that catheter disappeared. “The gamblers were putting their bets, but the investors, the people who already buy Bitcoin, were sitting this,” Marton said.

With these “clues”-an increase that leads derivatives and the absence of confirmation of the spot-the maartun rule is unambiguous. “You can call it fake, you can call it a swing failure pattern, or you can even call it a head and shoulders … it was a trap. The step was designed to look like the real deal, but it had no substance behind it at all.” He added that after the brief printing at $ 125,700, the price quickly returned “the right to where the entire step started.”

From here, Maartun sets one turning point: $ 123,000. “This is the level … it will tell us whether the bulls or bears control from here,” he said. Based on the criteria for confirmation, it is explicit: “What we need to see is a strong and confident proximity above a sign of $ 123,000. This would indicate acceptance … and the real collapse may come.”

In his opinion, the failure to restore this field will return to the sellers with the primary drawing goal of about $ 117,500. It also warns against expecting the repetition of the head at the same level: “The fake do not occur twice in a row. The second attempt to break a level like this is often the real deal in one way or another.”

The broader context of Marton’s evaluation is the unusual timing and texture of this step. He said that weekends in encryption “are usually sleeping”, but this offer made “the best performance on the weekend we saw in four full months” – a sign, in its analysis, not from the local enthusiasm that was formed, but the extent of the speed of the financial lever that can dominate the price in quiet request books. Without stretching immediate driving – such as the return of the Coinbase installment or any other evidence of the accumulation of the net point – the market sees “on the edge of the knife” at a line of $ 123,000 in the sand: “going out or retreating?”

At the time of the press, Bitcoin was held over $ 124,216.

Distinctive image created with Dall.e, Chart from TradingView.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.