![bull trap.png](https://files.peakd.com/file/peakd-hive/belemo/242YFwLxiu7TsBU5egc3MYB1fJ2E1K1PatXTjeH7HWA9a9zEL2oKiGCw9iZuJxEssjt3P.png)


The [crypto market](https://leofinance.io/@leoglossary/leoglossary-market) is in what many will call a "healthy state" but personally, I think there's FUD in the air. At just over $23k, [Bitcoin](https://leofinance.io/@leoglossary/leoglossary-bitcoin) is still in the ultra Fuddish region and many might say different but I still hold my opinion. 

For what it's worth, not out of the question for [things to get a lot worse](https://leofinance.io/@belemo/fake-pump-and-exit-liquidity) because, in reality, we're still swimming in murky waters. However, there's been an exaggerated level of enthusiasm on crypto Twitter due to this relief and if *fall for it*, you might get sucked into a bull trap. 

When you consider all the bearish things happening in the market and then compare it to the relative stability of the price of Bitcoin, you should really wonder why prices are still at this level. 

In the past, both micro and large-scale events often lead to corresponding overreactions in the market. So, how come the market is so immune?

Many have taken the optimistic view of assuming that the crypto market is indeed *stronger* and more mature than in previous years. While that may be true, I hardly think it is strong enough to simply absorb the level of FUDish events that we're experiencing.

### Tesla Fud


The most popular of all Fuddish events was the news that Elon Musk paper handed 75% of Tesla's Bitcoin holding. There have been numerous publications swirling about Tesla's motives but what we do know for sure is that Tesla championed the age-old pleb tradition of buying high and selling low. 

When I think about that move though, I suspect that there's more to it than meets the eye. I think there are [tax](https://leofinance.io/@leoglossary/leoglossary-taxes) implications and all sorts of [fiscal](https://leofinance.io/@leoglossary/leoglossary-fiscal-policy) manipulations going on in the background that I might not ever be privy to find out. 

Here's what I don't understand and why I am quite sceptical about the current price of Bitcoin; how does news of one of the richest men in the world selling off a large amount of Bitcoin have almost zero impact on the market? Something doesn't feel right. 

The irony in my worries is that I have actually been hoping, nay, praying for when the crypto market will develop immunity for whale transactions. Now that it is potentially happening in front of me, I am very concerned that something might be wrong. 

### I worry about a Bull trap
One thing about the crypto market is that if you snooze, you will absolutely lose, no way about it. At the same time, if you rush in like a degen and pile on unnecessary pressure, you will end up being exit [liquidity](https://leofinance.io/@leoglossary/leoglossary-liquidity) for someone else. 


One of my biggest challenges in this market is knowing the best time to make a decision. As one that acts as an investor more than a trader, I believe that I have more leg room. 

For traders, their decisions have to be precise and with intentions of delving into trading at some point in the future, I will have to learn this art. 

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