BTC Bulls: 3,800 Coins Stashed as Price Climbs 🐱💸

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Bitcoin (BTC), that most capricious of assets, now hovers at a mere $118,600, having ascended 4% in 24 hours and 6% this week. A veritable orgy of accumulation by long-term holders, who have, in a fit of madness, added 3,800 BTC to their portfolios in a single month. One might say they are less investors and more hoarders of digital gold, albeit gold that occasionally behaves like a toddler with a sugar rush.

Analysts, ever the dramatists, now gaze at charts as if they were oracles, hoping to divine the market’s next move. The suspense is palpable, though one suspects the answer will be “more volatility.”

The Long-Term Holders’ Grand Gambit

Ali Martinez, that paragon of financial insight, declares that wallets holding Bitcoin for ages have gobbled up 3,800 BTC in 30 days. Glassnode, that arbiter of truth, corroborates with a net inflow of 3,890 BTC. This follows a period of selling so fervent it might have been mistaken for a purging of sins. One wonders if these holders are preparing for a masquerade ball or a market crash.

Long-term holders are accumulating. Over 3,800 Bitcoin $BTC bought in the past month.

– Ali (@ali_charts) October 2, 2025

Bitcoin’s price, ever the fickle lover, rose from $112,000 to $118,000. This suggests the long-term holders are building positions with the diligence of a librarian cataloging books-only to find the library on fire. A sign of steady confidence? Or merely the delusion of those who refuse to acknowledge the chaos?

CryptoQuant’s Long-Term Holder SOPR, that most enigmatic of metrics, currently hovers at 1.8. A number so delightfully opaque it could be the password to a secret society. It indicates most sellers are profiting, which is as surprising as a cat willingly surrendering its throne.

Throughout the year, this metric has remained above 1, a testament to holders’ resilience. They are not under pressure to sell, but rather managing their exits with the precision of a surgeon and the patience of a monk. One can only hope they are not preparing for a grand exit that would send the market into a tailspin.

The Price Tests Its Limits, Again

A chart from Rekt Capital reveals Bitcoin pushing above $117,300, a level that once acted as a breakout zone in July. Now, it is tested again, as if the market were a dog chasing its tail. A close above this level, followed by a retest, might nudge Bitcoin toward $120,000. One can only hope the market’s antics are as thrilling as a Shakespearean tragedy.

#BTC

If Bitcoin is able to replicate its green circled mid-July 2025 Daily Close above ~$117.3k (blue) then Bitcoin has a chance at revisiting $120k sooner rather than later

Daily Close above ~$117.3k followed by a post-breakout retest would be ideal$BTC #Crypto #Bitcoin

– Rekt Capital (@rektcapital) October 1, 2025

Traders, ever the hopeful optimists, watch with bated breath, as if the outcome might determine the fate of the world. The setup, they say, mirrors the earlier pattern that led to a rally. One can only pray it does not end in tears.

A New Quarter, A New Drama

Daan Crypto Trades shares a chart showing Bitcoin breaking free from a downward trend channel since July. The close at $118,600 marks a clean move above resistance, though one suspects the market’s next move will be as unpredictable as a toddler’s mood. Daan notes that staying above $112,000 is key, while the start of a new month and quarter brings short-term volatility. Still, the broader picture remains bullish-until it isn’t.

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2025-10-02 15:18