In recent months, Bitcoin has undergone two successive double trap scenarios, where savvy investors managed to offload billions without triggering an immediate market crash.
The price surges to $123,000 and $124,000 were part of a strategic distribution plan that drew in numerous investors driven by fear of missing out (FOMO). The pressing question now is whether this marks the conclusion of the current cycle or if it serves as groundwork for another upward movement and a potential altseason.
Bitcoin’s Peaks and Subtle Distribution Strategies
Trader Anderson recently shared significant insights into Bitcoin’s trading patterns during July and August 2025.
July was pivotal as Bitcoin surpassed the $123,000 mark for the first time, sparking strong optimism about a new growth trajectory. However, shortly after this milestone was reached, Galaxy Digital revealed that over 80,000 BTC from a Satoshi-era wallet had been sold—equating to around $9 billion.
This substantial sale surprisingly did not disrupt market stability; liquidity levels were high enough to absorb the selling pressure. This exemplified a classic distribution tactic employed by informed investors: leveraging bullish sentiment and fresh capital inflows to discreetly exit their positions without inciting panic.
By August, Bitcoin ascended further to $124,000—indicating that momentum remained robust. Yet contrary to what many anticipated, buying power fell short in sustaining this breakout. Prices quickly destabilized again, leaving latecomers caught at elevated levels.
“The failure in August served as an indicator: breakout buyers found themselves trapped while July’s sell-off proved significant,” analyst Mr. Anderson commented on X.
This encapsulated the essence of Bitcoin’s double trap phenomenon: two peaks—one obscured by extensive distribution tactics while another lured retail investors into FOMO—which ultimately led to the realization that genuine momentum was lacking within the market.
Key Technical Levels Moving Forward
The focus now shifts toward critical technical thresholds. The initial Critical Close Level (CCL) is set at $112,581. Should bulls fail to uphold this level effectively; there’s an increasing likelihood of deeper corrections towards $98,000. On the other hand if buyers manage reclaiming and maintaining positions above $116891 (the second CCL), then testing once more around the $124K area could be possible again.
Instead of viewing events from July through August as indicative of cycle termination; stakeholders should interpret them as professional-level distributions within broader market dynamics instead!
“This shouldn’t incite panic but rather serve as a reality check! If you maintain bullish sentiments—you’d want BTC asserting dominance while climbing through these CCLs,” Anderson remarked on X!
To regain its structural integrity consistently holding above$112k becomes essential! Successfully closing beyond both$112581&$116891 would pave pathways back towards reaching$124k once more! Only then can markets build sufficient momentum leading into next growth phases targeting up-to$148k potentially igniting authentic altseasons ahead!
“Without such recoveries,BTC risks stagnation resulting only shallow rotations amongst scattered alts left behind!” stated Anderson via his post on X too!
The recent occurrence surrounding Bitcoins’ double traps highlights how crypto remains battlegrounds fueled by strategy & psychology alike.Savvy players manipulate liquidity alongside sentiment shaping expectations accordingly thus risk management must take precedence amidst environments susceptible tactical deceptions present here too!.
If we consider current trading conditions,BTC stands at approximately($112540) reflecting downwards shift(-0/4%).
This article titled “Bitcoin Double Trap Above 123K Last Months: What Next?” originally appeared on BeInCrypto platform itself!.