📈Bitcoin's recent "calm" is an illusion



On June 12th, it actually rose from $61,944 to $63,933, a 2.5% increase in one day, triggering over 97k liquidations totaling more than $270 million. The day before, it surged then pulled back; bulls and bears have already exchanged several moves.

The real anomaly is trading volume: only $30 billion in 24 hours, hitting a two-year low. Santiment has an counterintuitive view: the strongest market rebounds often occur when traders are the most complacent.

The four-hour RSI dropped below 25, indicating extreme oversold conditions. This is not "wobbling within a range," but a signal of emotional extremes.

Market sentiment is even more divided: US ETFs are experiencing continuous net outflows, with institutions selling; but whales have withdrawn 11,422 BTC (about $700 million) from exchanges to cold wallets over five days, indicating long-term holders are not planning to sell.

There's also an overlooked variable: the World Cup is underway. During the past three tournaments, Bitcoin has never risen; it’s always declined or experienced weak volatility.

The market looks boring on the surface, but there's $BTC gunpowder underneath.
BTC3.46%
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