Willy Woo: Current Rally is a Bull Market Trap, Bear Market Bottom Structure Has Yet to Fully Form

MarsBitNews · 2026-03-17T09:36:04+00:00

Mars Finance News: On March 17, bitcoin analyst Willy Woo tweeted that bitcoin's short-term capital inflows are strong and may drive prices to test the $85,000 short-term holder cost basis, but futures-dominated rallies are prone to triggering liquidation shocks. Willy Woo warned that this round of rebound is a bull trap because the bear market bottom structure has not yet formed. According to liquidity indicators, bitcoin is currently only at the 1/3 stage of the bear market process.

MarsBitNews

2026-03-17 09:36:04

Mars Finance News, March 17 — Bitcoin analyst Willy Woo tweeted that short-term capital inflows into Bitcoin are strong, potentially pushing the price to test the short-term holder cost basis of $85,000. However, the rally driven by the futures market could easily trigger liquidations and volatility. Willy Woo warned that this rebound is a bull trap because the bear market bottom structure has not yet formed. According to liquidity indicators, Bitcoin is currently only one-third through the bear market process.

BTC1.19%

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