Bitcoin’s 9% rebound — relief rally or bull trap? ⚠️
Between Feb 12– 15, $BTC surged nearly 9%, attracting close to $2B in fresh long positions as open interest spiked and funding rates flipped strongly positive.
But beneath the surface, warning signs are flashing.
🔻 Hidden bearish divergence forming on the 12H timeframe.
📈 NUPL up 90% — unrealized profits rising, increasing sell pressure risk
💰 Leverage building aggressively across derivatives markets
The last time profit levels expanded this quickly, Bitcoin saw a sharp ~14% single-day drop.
Key levels to watch (via CoinStats): • $65K–$66K → Critical support
• $62.8K–$63.8K → Secondary demand zone
• $60K → Major psychological floor
• $70K → Immediate resistance
• $72K–$73.5K → Upper resistance cluster
If $65K breaks, downside volatility could accelerate fast.
If $70K–$73.5K is reclaimed, bulls regain structural control.
This bounce may have empowered sellers — not eliminated them. 🚨
#CryptoMarkets #Volatility #BTCBelow69K