Bitcoin Crashes Through $105K Barrier After Brutal Fakeout Leaves Traders Reeling
Market manipulators got a taste of their own medicine today as Bitcoin staged a violent rebound—just hours after a coordinated dump liquidated overleveraged bulls. The king crypto now trades at levels last seen when Wall Street was still pretending NFTs were about ’utility.’
Here’s how the chaos unfolded:
The Setup: Whales dumped $2B in BTC futures positions before London open, triggering stop-loss cascades down to $98K. CEX order books looked thinner than a VC’s conviction during a bear market.
The Reversal: Spot buyers materialized faster than a ’decentralized’ project’s token unlock schedule. Binance’s BTC/USDT pair saw $450M in bids stacked between $100K-$102K within 15 minutes.
The Aftermath: Shorts got vaporized to the tune of $280M—proving once again that crypto markets punish certainty harder than SEC chair Gary Gensler punishes honest entrepreneurs.
As institutional traders scramble to adjust their ’digital gold’ PowerPoint decks, one truth emerges: in crypto, the only free lunch is watching hedge funds pay for their own hubris.
