Bitcoin and Two Consecutive Traps: Silent Distribution or Preparing for a New Altseason?

In recent months, Bitcoin has undergone two consecutive "double traps" – sophisticated traps that smart money ( large capital ) cleverly escaped with billions of dollars worth of assets without causing the market to collapse immediately. After two price peaks of $123,000 and $124,000, the market leaves a big question: Is this the end of the cycle or just a preparation for a new rally and an explosive altseason? When Bitcoin Peaks and Distributes Silently According to the latest analysis by trader Anderson, July 2025 marks an important milestone when Bitcoin first surpasses $123,000. This event quickly triggers an enthusiastic sentiment, creating confidence that the market is entering a new growth phase. However, shortly after, Galaxy Digital confirmed that a Satoshi-era wallet had sold over 80,000 BTC ( equivalent to nearly $9 billion ). Notably, the market did not experience significant volatility after this massive sell-off – because liquidity at that time was abundant enough to absorb the selling pressure. This is a typical distribution strategy of smart money: leveraging FOMO sentiment and new capital to quietly exit. By August, Bitcoin continued to rise to $124,000, leading many investors to believe that the upward trend was not over. However, contrary to expectations, the buying momentum was not strong enough to sustain the breakout, and prices quickly became unstable, leaving late buyers trapped at the peak. "The failure in August is a signal for the market: those who bought the breakout have been trapped, and the sell-off in July was not random," Anderson shared on X. These two consecutive peaks create what is called a Bitcoin double trap: the first peak is associated with silent distribution, while the second peak attracts retail FOMO – resulting in the market revealing a lack of true momentum. Important Technical Milestones Currently, attention is focused on technical thresholds: $112,581 – Critical Close Level (CCL) first. If the bulls cannot hold, the risk of a deep correction to $98,000 is very high.$116,891 – second CCL. If Bitcoin recovers and closes a candle stable above this level, the opportunity to retest the $124,000 area will open up. Anderson emphasized: "This is not a signal for the end of the cycle. Instead, it is a professional distribution step within the broader market roadmap." What is important for investors right now is not to panic, but to observe the ability of BTC to reaffirm its strength. To maintain its growth structure, Bitcoin needs to stay stable above $112,000. If it successfully closes above the two levels of $112,581 and $116,891, the path towards $124,000 will be opened, thereby laying the foundation to conquer $148,000 – a milestone that could trigger a real altseason. On the contrary, if the recovery fails, the market is at risk of falling into a stagnant state, with only weak and fragmented altcoin cycles appearing. Lesson on Psychology and Risk Management The two consecutive traps of Bitcoin are clear evidence that the crypto market is always a game of strategy and psychology. Smart money knows how to leverage liquidity and crowd psychology to adjust expectations, while the majority of retail investors can easily be swept away by emotions. Given the current situation, risk management must be prioritized. In the context of a market that is easily affected by silent distribution waves, adhering to technical thresholds, controlling capital, and not succumbing to FOMO are key factors that help investors survive and achieve long-term success.