Bitcoin Price Debate Ignites as Bull Trap Warning Clashes With On-Chain Data
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The post Bitcoin Price Debate Ignites as Bull Trap Warning Clashes With On-Chain Data appeared first on Coinpedia Fintech News The Bitcoin price is once again sitting in the middle of a classic crypto argument: bull trap or genuine recovery? One viral chart circulating on X claims the current rally perfectly mirrors the 2022 pattern and warns that BTC could crash to $45,000 within 12 days after a supposed bull trap near $73K. That’s a dramatic call. But not everyone’s buying it. Because when you dig into the on-chain data, the story suddenly looks… a lot less catastrophic. Bitcoin Price Bull Trap Or Reset? Let’s start with derivatives markets. According to CryptoQuant data, more than 30,000 BTC flowed out of derivatives exchanges as price approached $72,900 in early March 2026. That’s not small change. Large derivatives outflows often indicate short covering, that means traders closing bearish positions rather than doubling down on them. In other words, some of the selling pressure that previously dragged the Bitcoin price chart lower may already be fading. And that matters. A lot. Because, if major players considered the $65K–$68K zone a local bottom, then the current move higher might be less about hype and more about repositioning. Quiet Accumulation Behind The Scenes Then there’s spot market behavior. On February 18, roughly 8,000 BTC left spot exchanges right at price lows. Not sold. Withdrawn. That pattern is often described as “stealth accumulation.” Institutions and large holders buy during weakness and move coins to cold storage rather than leaving them on exchanges where they could be dumped. For anyone obsessing over a Bitcoin price prediction, that kind of behavior usually signals confidence rather than panic. Meanwhile, long-term holders, the so-called diamond hands haven’t flinched. Wallets holding coins for more than five years remain almost completely unchanged…
Filed under: News - @ March 5, 2026 6:25 pm