Pakinomist – No matter how deep you are in the cryptocurrency market, Scottie Pippen is warning investors about the bear traps of (BTC), which was definitely not on anyone’s bingo card a year ago. But it is 2025 and it is a reality.

In his latest post on X, the former Chicago Bulls star and now certified NBA legend warned his followers that the current drop in the price of the leading cryptocurrency is nothing more than a bear trap – an event in the financial markets when a price drop is artificial . created to make everyone believe the asset is about to dump hard and open short, only to later short squeeze and liquidate all sellers with a sudden upward move.

For Pippen, this is a situation where, as he says, “they want your Bitcoin and they want your crypto.” Who “they” are has not been clarified, but the basketball player urges not to be “freaked out” during the current price drop.

As seen in a chart attached to Pippen’s post, those who survive this bear trap can hope for a period of renewed optimism on the back of rising prices.

All of this can lead to a “fear of missing out” among those who did not attend the convention earlier and experience the euphoria. This is where, according to the chart, the price of Bitcoin will peak and enter a bearish mode ending in despair.

It will be interesting to see if Pippen’s predictions come true. If he is right, the market has probably found its new, quite unexpected, prophet.