Bitcoin’s Bounce: A Cat’s Ninth Life or Just Another Scam? 🐱💸

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Bitcoin, that digital chimera of modern finance, has once again defied gravity, clawing its way back to a princely $82k after a brief sojourn at $74.5k. This miraculous recovery, it seems, was spurred by President Trump’s latest act of geopolitical theater: a 90-day tariff pause. How very generous of him. 🙄

But before you start popping champagne corks, Jacob King, the Cassandra of crypto and founder of Whalewire, has a dire warning. This rally, he insists, is nothing more than a “dead cat bounce”—a fleeting gasp before the inevitable plunge. One can almost hear the violins tuning up for the next act of this tragicomedy.

Are the Little Guys Being Played? 🎭

King, ever the harbinger of doom, suggests that this rally is a carefully orchestrated trap. The tariff delay, he argues, has lured retail investors into a false sense of security, while the big players—those cunning institutions—are quietly cashing out. It’s a classic case of “heads I win, tails you lose.”

Exactly as predicted, we’ve officially entered the dead cat bounce phase: delay the tariffs, bait the retail crowd back in, and set the stage for the next red wave.

In the coming weeks, retail will pile in—all while institutions quietly dump their bags. Don’t forget the long…

— Jacob King (@JacobKinge) April 9, 2025

In a tweet dripping with sarcasm, King declared, “Exactly as predicted, we’ve officially entered the dead cat bounce phase: delay the tariffs, bait the retail crowd back in, and set the stage for the next red wave.” One can almost picture him sipping tea while the world burns. ☕🔥

Data Doesn’t Lie (But People Do) 📉

Market data, that cold, unfeeling arbiter of truth, seems to back King’s grim prognosis. Despite Bitcoin and Ethereum’s recent gains, U.S.-listed Bitcoin ETFs have hemorrhaged over $1 billion in the past two weeks. Even Ethereum ETFs have seen outflows of $73 million. It appears the institutions are voting with their wallets—and the verdict isn’t pretty.

Is This Time Different? 🤔

Not everyone is ready to write off this rally as another crypto con. Amit, a prominent analyst with a penchant for optimism, believes this surge might have legs. “The last bounce was weak because it had no real reason behind it,” he explained. “But if the tariffs are delayed, we finally have a real reason for the market to go up.”

Amit further posits that the 10% tariffs were already priced in. If the 90-day pause leads to a deal with China, the market could avoid another crash. But then again, when has logic ever prevailed in the crypto circus? 🎪

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2025-04-10 14:37