Voici ce qu’en vient quand BTC atteint 200$

🚨 Most think the BEAR market has started
But this is a classic bear trap, not the real top
I analyzed previous cycles and on-chain patterns
Here’s what's coming next when $BTC hits $200K

Most people today confuse a technical reset with a trend reversal
Headlines are scary, funding is dropping, OI is crashing, panic is everywhere
But this is classic bear trap behavior - a sharp flush, shock, then upside
History repeats, even if each cycle feels “unique”

To understand what’s happening now, you need to step away from the noise
Over the past decade, the market has seen several loud booms and painful crashes
The reasons differ each time, but the pattern is always the same
Now I’ll explain how it played out before and why you shouldn’t panic today
2011 | The first real Bitcoin crash
Reason :$BTC to $32 -> Mt.Gox got hacked -> exchange collapsed -> market lost trust
Consequence: -90% from peak -> loss of trust and capital outflows -> sharp liquidity drain
Result: the start of the first prolonged “crypto winter” 2011-2013

2013 | The first global market hack
Reason: $BTC to $1100 -> Silk Road shut down -> China regulations -> Mt.Gox ends
Consequence: -80% from peak -> retail capitulation -> two years of decline
Result: start of another “crypto winter” and a new base for the next cycle

2017 | ICO hype and first futures
Reason: $BTC to $19K -> massive ICO boom -> CME futures launch -> China restricted the market
Consequence: -84% from peak -> massive capital exit -> frozen liquidity
Result: cleansing led to institutions entering and a more mature crypto market

2021 | Institutions and legalization in El Salvador
Reason: Tesla buys $BTC -> Coinbase IPO -> ETF anticipation -> El Salvador adopts $BTC
Consequence: China mining ban -> liquidity crisis -> collapse of lending protocols
Result: -78% from peak and a new long-term base for the current cycle

The structure is always the same:
1. Rapid growth
2. Mid-cycle crash that everyone thinks is the end
3. Final euphoria before the real top
We’re in the middle now - noisy, painful, but not the end

The current cycle after ETF and halving only strengthened the foundation
Summer looked like a trap, but became a liquidity reset
August brought new $BTC highs, signaling trend strength
The end isn’t near - final euphoria lies ahead

Data confirms this is a flush, not the top
Open Interest dropped sharply - billions in long liquidations
Funding normalized but didn’t turn deeply negative
Exchange balances are dropping - Bitcoin and Ether are being withdrawn, not deposited

Sentiment also fits a mid-cycle pattern
Fear & Greed pulled back from overheating to neutral
Altseason Index cooled and is stabilizing
This is the classic trap pattern: overheat -> panic -> recovery

Macro also supports a bullish case on nearly every front
The Fed already cut rates, liquidity is starting to recover
DXY turned downward, the dollar is weakening, which always fuels risk
Global M2 is rising - this feeds the market, not holds it back

What to do?
Think in cycles, not in days
Hold the core position, accumulate on deep dips
Rotate into alts when the market broadens and ISM accelerates
Hedge risk, but don’t confuse noise with a trend break

This isn’t the end of the cycle, but a mid-cycle flush
This is how the market resets liquidity before a new wave
The main upside remains into 2025 - first half of 2026
Those who don’t break now will get a shot at the final pump
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