FLOKI’s Bull Trap: A Disaster in the Making! 13% Crash in Just 36 Hours

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Key Takeaways

So, What Sparked This “Bullish” FLOKI Trap?

Well, Bitcoin did its usual thing-had a little bullish burst, got everyone all excited, then pulled back faster than a bad date. The altcoin market, in a rare moment of optimism, thought maybe, just maybe, it was safe to get in. Spoiler alert: it wasn’t. FLOKI traders? Yeah, they got caught in the rollercoaster of doom. 🥴

What’s Next for FLOKI? Hold onto Your Wallets…

Here’s the deal. The on-chain metrics aren’t exactly screaming “party time” for FLOKI. No massive accumulation from holders, and the recent bearish momentum? Yikes. If you’re a bull, you might wanna sit this one out. Seriously, don’t hold your breath for a “comeback” just yet. 🐂💨

Oh, and the Open Interest behind FLOKI did see a triple-digit percentage jump on October 21st, as if that’s supposed to make anyone feel good. With all those derivative inflows, it seemed like FLOKI was about to skyrocket. AMBCrypto even whispered about a potential bull trap… Guess what? Turns out, it wasn’t a whisper at all. It was more like a scream. 😬

So, yeah, FLOKI had a brief moment of glory with a 40% rally-until it dropped 13.4% in the 36 hours after. That’s like getting a promotion and then immediately being fired. Can’t even break the local supply zone at $0.000084, and at this point, no one’s even surprised. 📉

And here’s a fun fact: Bitcoin’s volatility index was like a ticking time bomb, soaring above 95% for the third time this month. Imagine expecting calm waters and then getting thrown into a hurricane. Thanks, Bitcoin. 🌀

Now, we get to the fun part. FLOKI’s market structure on the 1-day chart was, technically, bullish-after breaking the local swing high at $0.0000785. But the Awesome Oscillator? Yeah, it’s still flashing “Bearish.” Talk about mixed signals. 😕

The A/D volume indicator? Not helping either. Buying pressure wasn’t strong enough to push things higher. So if you’re a swing trader, don’t even think about going long right now. Unless, of course, you like pain. 🤕

On-chain Metrics: More Red Flags for FLOKI Bulls

Let’s talk about the mean coin age. On October 11th, it took a nosedive. Why? Oh, you know, just the massive liquidation cascade that happened the day before. And dormant circulation? That spiked like it was training for the Olympics. It’s like everyone suddenly realized they were holding a hot potato and needed to get rid of it. 🥔💨

Now, sure, daily active addresses are picking up, but the mean coin age? Flat as a pancake. No sign of a big accumulation phase. So, yeah, don’t get too excited, folks. FLOKI bulls might want to take their “buy the dip” plans and toss them in the trash. 🚮

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2025-10-22 16:16