Bitcoin Rebounds to $70K Then Falls; Block Trades Top 70% of Weekend Volume

The detail that matters here is the structure of weekend flow, not the round-trip in price. Block trades carrying most of the volume while calls were bought into the selloff suggests larger participants were positioning through the dip rather than exiting, which is a different signal than broad retail-style capitulation. The researcher's point that the move originated inside crypto, rather than from an external macro trigger, also matters for how the episode should be read. Whether that call skew persists into the next session is the open question.