Bitcoin has rallied back to $94,000. Is this the start of a new bull market?



After the tug-of-war over the past few days, the price has finally held this critical level. In the short term, the bullish signals are quite clear. However, interestingly, although the price has broken through, the market's buy and sell depth remains shallow. What does this indicate? Capital is gradually entering the market, but big funds are still on the sidelines, not yet showing the frantic buying spree.

This situation is actually quite subtle — the price has risen, but the momentum isn't strong enough. The next key factor is whether trading volume can keep up. If volume continues to surge and breaks out, then we can say the market has truly stabilized.
BTC-2.18%
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SandwichTradervip
· 12-12 06:54
The market depth is so shallow, and big players are still pretending to be dead. It's no wonder this rally can't last long.
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retroactive_airdropvip
· 12-11 08:39
The market is too shallow; this rise isn't solid Big funds are still sleeping, what are we waiting for It's the same excuse again, trading volume is the real indicator Thinking of activating at 9.4? That's too naive With such shallow depth, how can it withstand a sell-off Look at the trading volume; without it, everything is just illusion
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StakeHouseDirectorvip
· 12-10 16:39
Looking at the price alone doesn't reveal how deep the market is; the key is when big investors will actually put in real money.
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SandwichDetectorvip
· 12-10 13:58
Is the market depth shallow? Large funds are still pretending to be dead. That's the most painful part.
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ApeDegenvip
· 12-10 13:56
What does a shallow depth indicate? Big players are waiting for you and me to take the bait... --- Same old story, is it okay to just judge by volume? --- Haha, big funds are watching, but us small traders still need to rush in? --- Is 94,000 really standing firm? I'm a bit confused --- Not enough momentum? Then it has to drop further, don't fool me --- Continuous volume increase? Who dares to really go all in now? --- It's a tricky situation, nobody dares to buy, after all
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GateUser-afe07a92vip
· 12-10 13:50
The market depth is so shallow, what are the big players waiting for? --- Waiting for trading volume again? Same old trick indeed. --- It's a subtle point—the truth is, nobody dares to step in. --- Feels like it needs to break a new high to count, what is 9.4? --- The major players are all watching, this rally is too weak. --- Instead of waiting for trading volume, better to wait for the next dump. --- Just hold on; I'm going to keep stacking anyway.
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SmartContractDivervip
· 12-10 13:50
Large funds are still pretending to sleep, don't be fooled by the market signals
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SerLiquidatedvip
· 12-10 13:44
The market depth is still too shallow, this wave isn't that simple Retail investors are rushing in, while big players are watching the show Trading volume is the key, I don't believe in a rise without volume Wait a minute, is it going to crash again? It's not surprising if the 94,000 level can't hold
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StableNomadvip
· 12-10 13:44
ngl the volume story is where it gets interesting—reminds me of UST in May when price pumped but the order books stayed skeletal. technically speaking, shallow depth + no smart money conviction = recipe for another false break. not financial advice but statistically these setups retest the lows within weeks. show me 3-month correlation coefficients or gtfo with the "bull run" talk imo
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