Been scrolling through some trading activity from early January when bitcoin price was still hovering around those levels, and it's wild how many traders were positioning for a push past 100k. Like, there was serious conviction back then about where BTC could go.

Now we're in April and the price action has been different than expected - we're sitting around 72.89k right now. Some of those early 2026 bets didn't play out the way traders thought. Goes to show how unpredictable these rallies can be, even when the thesis seems solid.

The interesting part is how many are still holding those positions or averaging down. Makes you wonder if they're just being stubborn or if they genuinely think there's still a path to those higher levels later in the year. Bitcoin price movements can surprise you either way.