Bitcoin surged nearly 5% on Friday, reclaiming the $83,000 mark for the first time in weeks. While the move sparked optimism across the crypto market, one top trader has raised red flags. The trader pointed to “bizarre flows” on major exchanges that suggest the rally may not be as organic as it appears. Data shows unusual spot buying patterns and possible coordinated moves to trap traders. As a result, concerns are rising that this breakout could turn into a major price reversal.
Bizarre BTC Flows Raise Concerns
The Bitcoin market value rose by 4.80% throughout Friday while hitting its peak at $83,378. People rallied a week after Bitcoin prices established consecutive rising support and resistance levels.
The trader Atlantis7 suggested that the market gains faced imminent challenges based on his analysis of Bitcoin price movements. He noted that spot buying activity on Coinbase, Binance, and OKX appeared unusual. According to him, passive bids and aggressive buyers were active, yet the cumulative volume delta (CVD) dropped. At the same time, there was a positive Coinbase premium.
He said, “idk why I get a funny feeling that this was just one big exit pump. Very coordinated 1-time framing across tickers throughout the day, trapping and liquidating shorts, and now a dump of inventory. I may be wrong, but price action seems very inorganic and not much participation.”
Macro Trends and Institutional Behavior
Atlantis7 suggests that the unusual BTC flows could be related to broader macroeconomic changes. In particular, he linked the BTC rally to a rise in gold prices, which climbed 9.27% since April 9.
He speculates that institutions may be moving funds into safe-haven assets due to rising tensions between the U.S. and China. The ongoing tariff battle between the two nations is increasing market uncertainty. Bitcoin, together with gold, seems to attract investor capital flows following the recent monetary expansion.
The worldwide M2 money supply appears to validate this hypothesis. M2’s reversal signals growing money availability, thereby attracting risk capital for investment. Several analysts confirm that Bitcoin price movements demonstrate a strong correspondence with M2 monetary data patterns over the long term.
Key Technical Levels for Bitcoin Price
Bitcoin price reclaimed the $80,000 level and entered a key value area between $80,900 and $88,400. This zone represents the range where 70% of Bitcoin trading volume has occurred since February 25.
Currently, BTC is testing the $83,100 resistance, the highest traded level in the past six weeks. Moving beyond the resistance at $83,100 would set Bitcoin on the path toward reaching its upper boundary at $88,400. Devoted momentum could lead Bitcoin to meet its potential value at $90,000.
Failure to surpass $83,100 would create conditions for a bearish market trend to emerge. The $80,900 support stands as the crucial point in this scenario. Breakout below this threshold would direct BTC toward $74,000 or $77,000 price areas.
Bearish Signals in Bitcoin Price Action
Market participants continuously track Bitcoin prices to discover any indication of market fragility. A decline under $80,000 in support would create additional pressure for downward movement.
Market liquidity from selling activity has been accumulating below $74K, which potentially creates conditions for a more aggressive market decline. Market participants show caution because of present technical conditions. The Bitcoin price will move in a new direction by holding its current positions or by breaking through essential support zones.
Investors need to track price movements as well as trading volume data because of rising market volatility. Price action monitoring serves to verify if the recent market ascension can survive without indicating its eventual downfall.
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