According to Crypto Rover, an investor sold $112 million worth of Bitcoin, potentially falling into a bear trap as market sentiment may not align with this bearish action.

According to KookCapitalLLC, despite challenging market conditions, Solana has achieved a new all-time high this year, indicating a potential bear trap that traders should be cautious of.

According to KookCapitalLLC, the cryptocurrency market remains resilient despite the decline in Libra. They described the recent market action as a 'diabolical bear trap,' suggesting that current market conditions are deceptive and not indicative of a prolonged downturn. The statement also implies confidence in seeing all-time highs (ATHs) by Q4 2025, emphasizing that only the strong will survive in this volatile market environment.

According to @CryptoMichNL, the current market correction might lead to a bear trap within this cycle. A massive capitulation event has caused $1.2 billion to be wiped out through leveraged positions. This significant event impacts both Bitcoin and the broader cryptocurrency market. Despite the challenging situation, there has been a good recovery throughout the day, but much work remains to be done.