Bitcoin’s Bounce: Is it a Bull Trap or the Start of New Growth?

Following a major liquidity shock, Bitcoin has soared past $116,000, sparking debate about whether this rebound signals the end of a correction or the beginning of a new bull market. On-chain data reveals low funding rates and massive liquidation events, highlighting potential instability. The upcoming US economic data and Fed Chair Powell’s speech will impact crypto and traditional markets alike. Meanwhile, gold’s surge fuels Bitcoin’s ‘debasement trade’ narrative.