Bitcoin’s Wild Ride 🎢

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What’s the haps, folks? 🤔

  • Bitcoin‘s surfing the waves of exchange order-book liquidity like a pro, but those gnarly gains are plateauing around $120,000, dude. 🏄‍♂️

  • Bid support is all, “Hey, let’s take it easy and head back below $119,000 for a bit,” and we’re like, “Sounds good to us, bid support!” 😎

  • But wait, one trader is all, “Pump and dump, baby! Don’t get caught with your pants down!” 🚨

Bitcoin (BTC) is just chillin’ at the Monday Wall Street open, consolidating those sweet gains while analysts are all, “Correction incoming, folks!” 📉

BTC price cools down amid “rug pull” warnings 🚨

Data from CryptoMoon Markets Pro and TradingView shows BTC/USD just hangin’ out around $121,000 as the week’s first US trading session gets underway. 📊

New all-time highs near $123,250? Yeah, that happened. And Bitcoin’s still up over 10% in a week. Not too shabby, if you ask us! 🤩

But Material Indicators is all, “Hey, don’t get too comfy, folks! That $BTC buy wall at $120.5k might be a trap!” 😳

“That $BTC buy wall at $120.5k seems like it may be there to lure in late longs before a support test.”

An accompanying chart shows order-book liquidity for the BTC/USDT trading pair on largest global exchange Binance. Because who doesn’t love a good chart? 📈

“Watch out for a rug pull if price gets close,” Material Indicators adds. Because nobody likes a good rug pull, am I right? 😂

“The cycle top is not in yet, but there should be a support test before a sustainable run through $130k.”

As CryptoMoon reported, order-book liquidity manipulation has been the name of the game in recent months. Because who needs actual trading skills when you can just manipulate the market? 🤣

The latest data from CoinGlass shows key support starting at $118,800. So, you know, just a minor 2% correction. No biggie. 🙅‍♂️

Total BTC short liquidations in the 24 hours to the time of writing? A cool $432 million. Because who doesn’t love a good liquidation? 💸

“We need to be aware of more manipulation,” popular trader CrypNuevo says. Because, you know, manipulation is just part of the game. 🤷‍♂️

“This could also be part of a pump-and-dump weekly pattern. Caution.”

Pro traders stay “selective” at $120,000 🤑

Amid a lack of classic signs of “FOMO,” trading firm QCP Capital is all, “Hey, we’re good. We’re just gonna stay optimistic and stuff.” 😊

“This could reflect a maturing market dynamic, and the same could be said for ETH,” they write in their latest bulletin to Telegram channel subscribers. Because who doesn’t love a good bulletin? 📝

“Another consideration is that traders may be opting to express directional views through perpetuals rather than options, given the elevated cost of optionality in fast-moving markets.”

QCP suggests that traders might want to hedge against low-timeframe volatility “while maintaining a longer-term bullish outlook.” Because who doesn’t love a good hedge? 🌟

“We maintain our structurally bullish view on BTC, underpinned by continued institutional inflows and macro tailwinds,” they conclude. Because who doesn’t love a good tailwind? 💨

“However, at current levels, we prefer to be selective and are holding back from chasing the rally in favour of positioning on a pullback, should it occur.”

📈 BULLISH: Anthony Pompliano calls Bitcoin the “Greatest Show on Wall Street” as ETFs, treasuries, retail and sovereign funds pile in at all-time highs.

— CryptoMoon (@CryptoMoon) July 14, 2025

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2025-07-14 18:17