🚀 Bitcoin snapped from ~$91K to >$94K in just 2 hours — and traders are split on what really happened.
🔥 Huge spike, zero clear catalyst.
Analysts flagged unusual flow as Wintermute reportedly scooped $68M BTC in 1 hour, with major exchanges showing clustered market buys. Many call it classic manipulation: thin books, vertical candles, no follow-through.
💥 Liquidation hunting?
Both sides got wiped:
🔻 $70M long liquidations
🔺 $61M short liquidations
A textbook liquidity grab, according to several traders.
📉 Warning signs: spiking funding rates, rising OI, and a vertical move that retraced fast — often a trap for retail.
📊 But not everyone agrees…
Some analysts say macro data was the catalyst: strong US JOLTS numbers + positive ADP data boosted risk assets ahead of the FOMC. BTC pumped ~4% right after the data dropped.
💱 Now: BTC cooled off, trading near $92.5K.
