\n
Oh, the drama! Bitcoin, that frightfully modern form of speculative indulgence, seems to be having a bit of a wobble. Four days of decline, you know. Quite ghastly. It appears remarkably unmoved by good tidings – a distinct lack of gratitude, I always say – yet utterly, thoroughly flustered by the slightest hint of unpleasantness. š
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And all this fuss over a meeting ofā¦ the Federal Reserve! Good heavens. Apparently, this august body has sown seeds of doubt amongst the marketās more excitable inhabitants regarding the continuation of this little ābull runā. Honestly, the sensitivity of these peopleā¦
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āSell the Newsā – How Very Ungrateful!
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A chap at CryptoOnchain – frightfully clever name, donāt you think? – has diagnosed the situation as a textbook āsell the newsā event. Which, translated from analyst-speak, means that when Uncle Sam hinted at the possibility of not reducing interest rates in December (the sheer impudence!), the short-term traders promptly liquidated their holdings. One simply doesn\’t know where to look.
\n\n
Apparently, Binance – a name that vaguely suggests a tropical drink but is, in fact, a cryptocurrency exchange – experienced a rather substantial influx of Bitcoin on October 30th. And get this: over 10,000 BTC came from addresses that had held the coins for less than 24 hours! Why, it\’s positively indecent! š
\n\n
āHot money,ā he calls it. Charming. Short-term speculators, utterly at the mercy of the headlines. While those with a moreā¦ established attachment to Bitcoin (coins aged 6+ months, you know, the reliable sort) barely stirred. How very predictable.
\n\n
His conclusion? A āshakeout of weak hands,ā darling. Not a fundamental loss of faith. The foundations, he assures us, remain āstrong.ā One hopes heās right, naturally. One really does.
\n\n
Losses? Merely a Fleeting Discomfort
\n\n
āCryptoVizArt.āæā – another adorable moniker – at Glassnode has weighed in with a rather reassuring observation. The unrealized losses are, apparently, āminor.ā A mere $107K, which represents a teensy 1.3% of Bitcoinās market cap.
\n
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One remembers, rather vividly, the 2022 bear market. That was a proper catastrophe! The Unrealized Loss soared to a terrifying 20% of the market capitalization. A signal, you see, of impending doom. š¬ This, apparently, is nothing of the sort.
\n\n
Apparently, āmildā bear markets require a 5% Unrealized Loss, and āsevereā onesā¦ well, 50% or more. My dear, the very thought! So, chin up. Donāt fret. And perhaps invest in something a bit moreā¦ stable. Like antique silver. š
\n
Oh, the drama! Bitcoin, that frightfully modern form of speculative indulgence, seems to be having a bit of a wobble. Four days of decline, you know. Quite ghastly. It appears remarkably unmoved by good tidings – a distinct lack of gratitude, I always say – yet utterly, thoroughly flustered by the slightest hint of unpleasantness. š
And all this fuss over a meeting ofā¦ the Federal Reserve! Good heavens. Apparently, this august body has sown seeds of doubt amongst the marketās more excitable inhabitants regarding the continuation of this little ābull runā. Honestly, the sensitivity of these peopleā¦
āSell the Newsā – How Very Ungrateful!
A chap at CryptoOnchain – frightfully clever name, donāt you think? – has diagnosed the situation as a textbook āsell the newsā event. Which, translated from analyst-speak, means that when Uncle Sam hinted at the possibility of not reducing interest rates in December (the sheer impudence!), the short-term traders promptly liquidated their holdings. One simply doesn’t know where to look.
Apparently, Binance – a name that vaguely suggests a tropical drink but is, in fact, a cryptocurrency exchange – experienced a rather substantial influx of Bitcoin on October 30th. And get this: over 10,000 BTC came from addresses that had held the coins for less than 24 hours! Why, it’s positively indecent! š
āHot money,ā he calls it. Charming. Short-term speculators, utterly at the mercy of the headlines. While those with a moreā¦ established attachment to Bitcoin (coins aged 6+ months, you know, the reliable sort) barely stirred. How very predictable.
His conclusion? A āshakeout of weak hands,ā darling. Not a fundamental loss of faith. The foundations, he assures us, remain āstrong.ā One hopes heās right, naturally. One really does.
Losses? Merely a Fleeting Discomfort
āCryptoVizArt.āæā – another adorable moniker – at Glassnode has weighed in with a rather reassuring observation. The unrealized losses are, apparently, āminor.ā A mere $107K, which represents a teensy 1.3% of Bitcoinās market cap.
One remembers, rather vividly, the 2022 bear market. That was a proper catastrophe! The Unrealized Loss soared to a terrifying 20% of the market capitalization. A signal, you see, of impending doom. š¬ This, apparently, is nothing of the sort.
Apparently, āmildā bear markets require a 5% Unrealized Loss, and āsevereā onesā¦ well, 50% or more. My dear, the very thought! So, chin up. Donāt fret. And perhaps invest in something a bit moreā¦ stable. Like antique silver. š
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2025-10-31 10:29