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# Translation
Well-known on-chain analyst Willy Woo recently pointed out that enhanced short-term fundamentals have indeed opened the door for Bitcoin to attack the "mid-$80,000 level" (which also aligns with the cost basis of short-term holders). However, he quickly poured cold water on the situation, emphasizing that this rally would be an extremely dangerous "bull trap."
Willy Woo stressed that the core force driving this potential rally is "futures contract traders" rather than true long-term spot investors. This type of price action driven by derivatives liquidity often produces violent whipsaws and liquidation cascades, resulting in an extremely fragile market structure.
"Please be careful, this will be a bull trap, and the bottom structure has not yet formed. Based on the liquidity charts I've observed, we've only completed about one-third of the bear market so far," Willy Woo warned.