Bitcoin Bulls in the Slaughter HouseBitcoin / U.S. dollarBITSTAMP:BTCUSDDontListenToThisClownEveryone would love to see bitcoin back over $100k, but it just isn't in the cards, and this isn't the first time we've witnessed one of these fake pushes. Today's massive move was the last hurray before we start to see distribution for the next month. A similar pattern occurred last time we were in a bearish bitcoin market. The last time the fed hiked rates by 25bps, bitcoin pumped 5% only to subsequently dumped 55%. We've seen the exact same setup this rate hike. The Fed had just started its tightening cycle with a 25 bps hike in March 2022. After an initial pump with the market expecting a higher rate hike, bitcoin completely reversed, dumping 11% in a single day. Over the next month, the algorithmic stablecoin TerraUSD (UST) and LUNA collapsed, dragging the entire crypto ecosystem down. By June 2022, Bitcoin crashed to $17,600—a peak-to-trough macro drop of roughly 55% from that May high. We are poised to see the exact same dump both on bitcoin and the S&P 500 over the next week. While retail traders are hearing rumors of 'all time high', institutions are positioning themselves to rotate out of risk sectors into steadier financial instruments. We're in the midst of September - a month that has traditionally been very bearish for markets - why the change? Wars are taking place. Oil has spiked to levels we haven't seen recently. Inflation is still a big concern for the fed to the point that they increase interest rates. Japan's negative lending rate is finally set to implode. And in all that - we're supposed to believe the market is on the verge of all time highs, and today's pump on bitcoin was real? Institutional traders, hedge funds, and whales are quietly rotating into risk free assets - the 10 year just crossed the 5% threshold - one of the most bearish signals that exists for markets - and the nasdaq was up 3% today? We're in a scenario where the big boys have driven up price, pricing action has revealed market makers have pulled downside liquidity to artificially inflate this market, and we're already seeing distribution events at key liquidity levels directly into retail bulls. As retail FOMO kicks into high gear, expect the institutional dam to burst. October and November are poised to be some of the worst months on record. If it looks too good to be true - it definitely is.