Bitcoin's stuck in this suffocating range again.

The price action? It's a deliberate trap. Engineered to wipe out leveraged positions on both sides—longs and shorts bleeding out in equal measure.

Who's actually making money here? Spot accumulation folks. While derivatives traders get liquidated left and right, patient spot buyers are stacking. No leverage drama. No forced exits. Just cold, calculated accumulation during the chop.

This is how ranges work—they shake out the weak hands before the real move.