
{"id":138123,"date":"2026-02-26T07:03:22","date_gmt":"2026-02-26T07:03:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=138123"},"modified":"2026-02-26T07:03:22","modified_gmt":"2026-02-26T07:03:22","slug":"bullish-sentiment-returns-as-btc-nears-70k-but-is-it-a-bull-trap","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=138123","title":{"rendered":"Bullish Sentiment Returns as BTC Nears $70K But Is it a Bull Trap?\u00a0"},"content":{"rendered":"<p>Crypto markets have seen a rare green day with a 3.7% gain in total capitalization, which has increased by around $120 billion to $2.43 trillion.<\/p>\n<p>\u201cJust two days after the crowd was bracing itself with a $60,000 retest, Bitcoin is now on the verge of returning back above $70,000,\u201d commented Santiment on Thursday.<\/p>\n<p>\u201cThe bullish narrative has predictably returned,\u201d and the crowd has begun to \u201cflip into F\u0430\u0444OMO mode,\u201d it added.<\/p>\n<p>Bitcoin only briefly <a href=\"https:\/\/cryptopotato.com\/btc-eth-xrp-surge-as-on-chain-data-shows-explosive-buying-from-whales\/\">tapped<\/a> $70,000\u00a0before retreating to $68,000 at the time of writing, so it may have been a bull trap.<\/p>\n<p> Just 2 days after the crowd was bracing itself with a $60K retest, Bitcoin is now on the verge of returning back above $70K. The bullish narrative has predictably returned. In this chart:<\/p>\n<p> High blue spikes indicate major predictions of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> moving lower. When retail sells,\u2026 <a href=\"https:\/\/t.co\/ymoAhv4GD2\">pic.twitter.com\/ymoAhv4GD2<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/2026736882302796219?ref_src=twsrc%5Etfw\">February 25, 2026<\/a><\/p>\n\n<h2>Bitcoin Bull Trap and Relief Rally<\/h2>\n<p>\u201cBitcoin has just entered the final bull trap of this cycle,\u201d\u00a0<a href=\"https:\/\/x.com\/0xChiefy\/status\/2026757589808103435\" target=\"_blank\" rel=\"noopener\">said<\/a> analyst Chiefy, who added that charts are \u201cliterally mirroring the 2022 chart right now.\u201d They predicted that BTC would dump to $44,000 in ten days.<\/p>\n<p>A bull trap is a false bullish signal in trading when an asset is in a downtrend, and the price suddenly rallies upward, showing signs of reversal, and luring in bullish traders before the price resumes its downtrend, forcing them to sell.\u00a0This rise in Bitcoin \u201cis just a relief rally,\u201d <a href=\"https:\/\/x.com\/cryptoquant_com\/status\/2026734944404271296\">said<\/a> CryptoQuant analyst \u2018PelinayPA.\u2019<\/p>\n<p>She pointed out that the Fund Flow Ratio, which measures the amount of BTC flowing into Binance relative to the total held on the exchange, remains at a low level of 0.012.<\/p>\n<p>\u201cA low ratio means fewer BTC are being sent to the exchange. This weakens immediate sell-side supply pressure,\u201d she explained.<\/p>\n<p>This setup may slow the downside momentum and \u201cpave the way for a relief rally,\u201d she added.<\/p>\n<p>\u201cIn particular, if the ratio remains low, any upward price reaction could create the conditions for a strong short squeeze. In other words, be prepared for a relief bounce.\u201d<\/p>\n<h2>Jane Street Suit Ends Manipulation<\/h2>\n<p>Analyst \u2018Bull Theory\u2019 had a different take. Since Jane Street <a href=\"https:\/\/cryptopotato.com\/terraform-labs-sues-jane-street-for-alleged-insider-trading-prior-to-terra-luna-collapse-report\/\">was sued<\/a> and manipulation stopped, the crypto market has added over $200 billion in just 48 hours, they <a href=\"https:\/\/x.com\/BullTheoryio\/status\/2026805567118094606\">said<\/a>.<\/p>\n<p>\u201cFor the first time in two months, no relentless selling has been seen for two consecutive days.\u201d<\/p>\n<p>\u201cWhether it\u2019s Jane Street constantly manipulating the markets,\u201d or the \u201cgamma play on options,\u201d or the correlation with the software companies that have been pushing down Bitcoin prices, \u201cit doesn\u2019t matter,\u201d <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/2026719844985668024\">said<\/a> MN Fund founder Micha\u00ebl van de Poppe.<\/p>\n<p>\u201cThe current valuation of Bitcoin is extremely low.\u201d<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bullish-sentiment-returns-as-btc-nears-70k-but-is-it-a-bull-trap\/\">Bullish Sentiment Returns as BTC Nears $70K But Is it a Bull Trap?\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Crypto markets have seen a rare green day with a 3.7% gain in total capitalization, which has increased by around $120 billion to $2.43 trillion. \u201cJust two days after the crowd was bracing itself with a $60,000 retest, Bitcoin is now on the verge of returning back above $70,000,\u201d commented Santiment on Thursday. \u201cThe bullish [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":138124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-138123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/138123"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138123"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/138123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/138124"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}