According to @milesdeutscher, a sell-off immediately after positive news signals market exhaustion and probably indicates that recovery will take longer. Source: @milesdeutscher on X, Nov 21, 2025. For trading, this suggests tempering expectations for quick rebounds after bullish catalysts when the initial reaction is a dump, as momentum may remain weak until sentiment rebuilds. Source: @milesdeutscher on X, Nov 21, 2025.

According to Miles Deutscher, Bitcoin has likely reached a short-term top, with expectations of a price cooldown and potential consolidation around the $100,000 level over the coming weeks. Deutscher notes that the market has stopped reacting to positive news, which is a typical sign of buyer exhaustion. However, this lack of immediate bullish momentum may be beneficial for traders, as it could extend the current rally and reduce the risk of a sudden blow-off top. Traders should monitor support levels near $100K and watch for renewed market responses to news events as signals for the next leg of the cycle (Source: Miles Deutscher on Twitter, May 30, 2025).