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Analyst calls Bitcoin’s $70k surge a trap, targets below $54,000 bottom
Marmot calls Bitcoin’s $74k rebound a trap, warns bottom still ahead
Bitcoin spiked above $70k. Analyst Marmot says the move is a trap and the bottom isn’t in yet.
He warns of one more sharp dump. He says whales lured buyers above $72–74k before a broader sell-off.
- “Very, very bad” signal, not a bullish flip source
- Rebound to $74k is a trap; risk of deeper pullback source
- He labels the $72k+ pump a whale trap on X source
- Not a new bull run; relief rallies often bait entries, then reverse source
- Bear markets see bull traps that trigger FOMO, then sharp reversals and liquidations source source source
- He says global liquidity is drying as institutions quietly exit source
He references prior cycle lengths before bottoms. Sideways/drawdown phases stretched ~405, 362, and 376 days before troughs, by his count source.
His roadmap for this cycle: a possible push above $78k, then a final pullback below $54k. He places capitulation between July and November 2026 source.
