Bitcoin speculators are buying again—watch out for the bull trap Bitcoin whales, also known as 'sharks,' have accumulated over 56,000 BTC recently as Bitcoin's price dropped from nearly $98,000 to around $88,000, showing their confidence in Bitcoin's long-term trend. This on-chain activity, where wallets holding 100 to 1,000 BTC buy during price dips, often signals stronger market momentum by reducing circulating supply. However, there could be a 'bull trap'—this behavior resembles past patterns where prices might drop further. Stay mindful of the balance between patiently accumulating and the risks of short-term volatility.