Bitcoin Tapping $81K Could Be a Trap: Correction Has Not Yet Ended, Says CryptoQuant

Bitcoin’s push toward $81,000 may be a bull trap rather than a durable recovery, according to CryptoQuant’s Bitcoin cycle indicators, which show BTC has not yet reached the conditions typically seen near major market bottoms. The on-chain analytics firm’s assessment suggests the current correction has not ended, even as the price rebound draws in hopeful traders. Derivatives data cited by CryptoQuant points to continued leveraged trading, leaving the market exposed to another leg down. The key signal to watch is whether Bitcoin’s cycle metrics deteriorate into the zones historically associated with capitulation and bottoming. Until then, the rally toward $81,000 remains unconfirmed.