Time is running out for BTC price ! Bitcoin all time history indexINDEX:BTCUSDKiu_CoinHello Traders 🐺 Last week, we witnessed some major events in the market. Let’s first go over them and discuss how they might impact the overall market conditions. Then, we’ll take a quick look at the BTC chart, as it seems primed and ready for its next big and volatile move! 😁 1️⃣ First, we need to talk about the $1.5 billion Bybit hack! This kind of event is quite rare in the market. The last time we faced a major issue like this was with FTX, which eventually led to a bear market. However, this time, the situation is slightly different. But why? Let’s dive into it : Bybit was recently hacked, but unlike FTX, it remains fully operational, and withdrawals are still available. The key difference is that FTX collapsed due to mismanagement and internal fraud, while Bybit was simply a victim of a cyberattack. Moreover, Bybit has sufficient reserves to cover the losses, ensuring that user funds remain safe. Unlike FTX, which froze withdrawals due to liquidity shortages, Bybit maintains a 1.1 reserve ratio, meaning they have enough assets to fully back customer funds. 2️⃣ Massive ETH Transfers – A Big Move Incoming? 🚨 Over the past hour, thousands of ETH (worth over 30M) have been moved between Binance, Coinbase, Wintermute (Market Maker), and Symbolic Capital Partners (CEX Bridge). But what does this mean for the market? 🔍 Key Observations: ✅ ETH is flowing into Market Makers, not private wallets. This suggests that liquidity is being prepared for trading rather than large-scale selling. ✅ Wintermute received significant ETH inflows. When market makers accumulate, it often signals upcoming volatility—potentially a big move. ✅ No major outflows from exchanges to private wallets. This means whales are not pulling funds off the market, reducing the risk of a major dump. Now let's analyze the chart: As you can see, the price is currently forming an ascending triangle, which is generally considered a bullish pattern, especially in a bull market. In my opinion, there is a higher probability of a breakout to the upside rather than the downside! An interesting point to note is that BTC has been consolidating within this pattern for quite a long time, and now only 10 days remain until the expected breakout point—although the breakout could happen at any moment! If you ask me, everything looks healthy. The bigger players may just be shaking out weak hands before the actual pump in BTC and ETH, especially ETH itself! Make sure to read my latest idea about ETH—you’ll be shocked! 🐺 Stay sharp, trade smart! – KIU_COIN 🐺