Crypto Researcher Asks, 'Was June A Bear Trap?' — Warns, 'We Aren't Out Of The Woods Yet'

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Distilled Crypto's analysis points to a possible bear trap with a bullish twist for the crypto market.
Liquidity trends and Bitcoin miner capitulation hint at a market rebound, akin to the pre-Q4 rally vibes of August 2023.
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Crypto researcher Distilled Crypto highlighted the crypto market's possible bear trap, which could turn into a bullish twist. He added that market apathy could be misleading investors and setting the stage for a surprise crypto upswing.

What Happened: In a new X post, Distilled Crypto asked “Crypto – Was June A Bear Trap?” He added that, “We aren’t out of the woods yet.” He outlined a few reasons why the market might be more favorable for bulls than bears.

Crypto – Was June A Bear Trap?

After a boring June, July has started strong.

However, we aren't out of the woods yet.

"The big money is not in the buying & selling, but in the waiting" – C. Munger.

Here are 5 reasons why max pain is likely for the bears, not the bulls (