Bitcoin Might Be a Sleeping Giant, But Are We Sure It’s Not Just Snoring?

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Oh boy, Bitcoin. The world’s top cryptocurrency is acting like that kid in school who promises to break the record but keeps tripping on their shoelaces. For the last two weeks, Bitcoin’s been hovering around the $110,000 mark, stuck between testing the $116,000 high like a kid at a candy store, and poking around the $106,000 support like a lost puppy. Sounds thrilling, right? Well, buckle up, because the latest research is hinting at something interesting happening under all this dramatic price limbo. 🎢

Why Bitcoin Price Might Soon See Expansion (Or, You Know, Actually Do Something!)

According to XWIN Research Japan (who, let’s face it, sounds like they should be selling sushi and crypto advice), Bitcoin might be gearing up for a breakout! This is what they call “asset-building momentum,” which is fancy talk for “Bitcoin’s been slacking off, but don’t worry, it’s planning a comeback.” The plot thickens as XWIN dives into three key on-chain metrics that could finally make this cryptocurrency drama interesting.

First off, they’re talking about Open Interest – not the kind you have when someone says, “Hey, want to play Monopoly?” No, this refers to the number of unclosed futures and options contracts. And guess what? It’s been dropping like a bad reality TV show. This drop usually means we’re about to see a “leverage wipeout,” which is when all those wild speculators who think Bitcoin will be worth a million dollars by tomorrow get kicked out of the market. When this happens, prices tend to reset, and boom, a new rally might be on the horizon! 🚀

Now let’s talk about the Spent Output Profit Ratio (SOPR). Sounds like something your dad would mention at Thanksgiving dinner, right? It tracks if investors are mostly selling Bitcoin for a profit or loss. Spoiler alert: it’s hanging out right around 1.0. Translation? Bitcoin traders are neither throwing a party nor crying in their mom’s basement. They’re just chilling. 🧊

XWIN believes this could signal the end of Bitcoin’s “I-just-broke-up-with-my-girlfriend” phase. It means that those long-term holders are gobbling up Bitcoin from the short-term traders who just don’t get it. 🍔

But wait, there’s more! Apparently, the market’s been hoarding liquidity like your grandma hoards coupons. XWIN mentions that stablecoin ERC-20 supply is at an all-time high of $158.8 billion (no big deal). If sentiment improves, there’s a good chance that all this crypto cash could flood into Bitcoin, boosting its price like an overcaffeinated squirrel. 🐿️

Bitcoin Price Overview (Spoiler Alert: It’s Kinda Boring Right Now)

As we speak, Bitcoin is clocking in at around $109,918. It’s up a grand total of 0.22% in the last 24 hours, which is about as exciting as watching paint dry… if the paint was worth a fortune. 🖌️

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2025-11-03 00:18