Bitcoin’s 5-Day Slump: Pomp Says It’s Oversold? 🚨

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Oh no, not again! US-based spot Bitcoin ETFs have had their longest outflow streak in four months-because nothing says “investor confidence” like watching your money vanish faster than a magician’s rabbit. 🐇

Over the past five days, $1.17 billion has fled Bitcoin ETFs, making this the longest outflow since April when Bitcoin was trading at $79,625. That’s like watching your savings account drain while your coffee goes cold. ☕

Pompliano, the crypto guru, says Bitcoin is “oversold” at $112,870. Which is like saying a broken toaster is “overcooked.” 🔥

Bitcoin headed to a more active buying period: Pomp

“Right now at 112, 113,000, it is pretty oversold,” Pompliano said. Because nothing says “optimism” like a 10% dip. 📉

“People are in front of their screens in September, they are not in front of their screens in August, so people are buying and being more active,” he said. Because September is the crypto equivalent of a sales event. 🛍️

But just a week after Bitcoin hit $124,128-like a balloon that pops when you least expect it. 🎈

Since 2013, Q3 has been Bitcoin’s weakest quarter. Because nothing says “financial stability” like a summer slump. 🌞

Pompliano says people are buying because they think history repeats. Which is probably true, unless history is a liar. 🤷‍♂️

Pompliano doubts $1 million Bitcoin this cycle

He’s skeptical about Bitcoin hitting $1 million this cycle. But hey, maybe he’s just jealous of the 2030 hype. 💸

He’s also excited about the Fed rate cut and more Bitcoin buying. Because nothing says “economic hope” like a central bank’s spreadsheet. 📊

Pompliano’s prediction comes just a day after Coinbase CEO Brian Armstrong said Bitcoin should hit $1 million by 2030. Because if you can’t beat them, join the hype train. 🚂

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2025-08-22 09:23