Bitcoin Double Trap Above 123K Last Months: What Next?
Bitcoin skilled two consecutive double lure setups in current months, when sensible cash skillfully offloaded billions with out instantly crashing the market.
Behind the value peaks of $123,000 and $124,000 was a calculated distribution technique, which lured many buyers into FOMO. The key query now could be: Is this the tip of the cycle or merely preparation for one more leg up and a full-blown altseason?
When Bitcoin Peaks and Stealth Distribution Unfolds
In his newest evaluation, dealer Anderson highlighted essential factors relating to Bitcoin (BTC) buying and selling exercise in July and August 2025.
July marked a milestone as Bitcoin broke above $123,000 for the primary time, fueling sturdy perception that the market was coming into a brand new progress section. However, nearly instantly afterward, Galaxy Digital confirmed {that a} Satoshi-era pockets offered over 80,000 BTC, valued at roughly $9 billion.
Remarkably, this large sale barely shook the market, as liquidity peaked — sufficient demand existed to soak up the promoting stress. This was a textbook distribution play for sensible cash: utilizing bullish sentiment and contemporary inflows to quietly exit positions, with out inflicting a collapse.
Bitcoin climbed to $124,000 by August, reinforcing that momentum remained intact. Yet opposite to expectations, shopping for energy proved inadequate to maintain the breakout. Prices rapidly misplaced stability, leaving late consumers trapped on the high.
“The August failure was the market’s inform: breakout consumers had been trapped, and the July sale wasn’t noise,” analyst Mr. Anderson noted on X.
This was the essence of the Bitcoin double lure: two consecutive peaks — one masked by large-scale distribution, and the opposite attractive retail buyers into FOMO—the end result: a realization that the market lacked real momentum.
Technical Levels and What Comes Next
Attention now shifts to key technical thresholds. The $112,581 stage is the primary Critical Close Level (CCL). If bulls fail to defend it, a deeper correction towards $98,000 turns into more and more probably. Conversely, if consumers can reclaim and maintain above $116,891 (the second CCL), Bitcoin might check the $124,000 zone once more.
Rather than decoding the July–August occasions as cycle-ending, buyers ought to acknowledge them as skilled distribution inside a broader market roadmap.
“This isn’t trigger for panic. But it’s a actuality test. If you’re really bullish, you need to need Bitcoin to reassert dominance and climb via the CCLs,” Anderson shared on X.
To restore its structural energy, Bitcoin should constantly maintain above $112,000. Successfully closing above $112,581 and $116,891 would reopen the trail towards $124,000. The market may solely construct momentum for the following progress section, concentrating on $148,000 and sparking a real altseason.
“Without this restoration, BTC dangers stagnating and leaving solely a shallow, scattered alt rotation in its wake.” Anderson shared on X.
The current Bitcoin double lure reveals that the crypto market stays a battleground of technique and psychology. Smart cash manipulates liquidity and sentiment to form expectations. Risk administration should be entrance and middle for buyers in an surroundings weak to such tactical deceptions.
When writing, Bitcoin is buying and selling at $112,540, down 0.4%.
The publish Bitcoin Double Trap Above 123K Last Months: What Next? appeared first on BeInCrypto.
