Will Bitcoin Price Crash?

Atlantis7, a popular orderflow trader, says the 4.80% rally in Bitcoin price was driven by passive Coinbase and Binance spot bid (limit orders)

On Friday, Bitcoin price went up 4.80%, setting up a high of $83,378. Overall, this week has been bullish with BTC setting up higher highs and higher lows, signaling strength.

One top trader is suspicious of this recent uptrend and says the uptick could be an ‘exit pump’ due to ‘bizarre flows on BTC.’

Will Bitcoin Price Crash?

Atlantis7, a popular orderflow trader, says the 4.80% rally in Bitcoin price was driven by passive Coinbase and Binance spot bid (limit orders) along with aggressive spot buyers on OKX. What makes this outlook ‘bizzare’ according to Atalantis7 is that while limit orders were getting executed the cumulative volume delta was dropping with a positive Coinbase premium.

Does this mean that there will be a Bitcoin price crash? In a reply, Atalantis7 details that this ‘bizarre flow’ could suggest quite accumulation by institutions is a short-term escape into safe haven assets amid the US and China tariff war. This outlook also explains why Gold is up 9.27% since April 9.

While the flows might be bizarre, Atalantis7 posts in a subsequent tweet about ‘funny feeling’ and how this recent Bitcoin price rally could be an ‘one big exit pump.‘

“idk why i get a funny feeling that this was just one big exit pump. very coordinated 1-time framing across tickers throughout the day, trapping and liquidating shorts and now a dump of inventory. i may be wrong but price action seems very inorganic and not much participation.”