Bitcoin’s back under $105k, because obviously, no one ever learns from their mistakes. Bulls are now playing defense like they’ve never seen a support level before. Bears are smugly nudging BTC toward $100k, thinking they’re the kings of crypto chess. Meanwhile, Bitcoin’s clinging to demand zones like a toddler holding onto a deflated balloon. Critical crossroads? More like a “wait, did I miss the bus?” moment.
Darkfost, the crypto oracle with a 50% accuracy rate, says STHs are throwing BTC into exchanges like it’s hot garbage. 28,600 BTC sold at a loss? That’s just the latest chapter in the “I thought this was a get-rich-quick scheme” saga. Short-term holders are panicking like they bought Bitcoin after a TikTok endorsement. Congrats, you’re now part of the “I should’ve listened to my mom” club.
Long-term metrics? Pfft. They’re stable like a flamingo on roller skates. The market’s watching to see if demand will magically appear or if bears will finally take the crown. With macro uncertainty and thinning liquidity, the next few days are either a rollercoaster or a dumpster fire. Spoiler: it’s both.
Short-Term Holders Remain Under Pressure
STHs: The Market’s Most Unreliable Roommates 🏠💸. Darkfost says they’re still the main reason BTC is getting tossed around. Their SOPR is stuck at 1, which is crypto code for “I’m not sure if I’m in or out, but I’ll take the loss and cry about it later.” Break-even sales? Sounds like a win… for the seller who’s now broke.
When SOPR hovers around 1, it’s like saying, “I’ll take what I can get, even if it’s nothing.” STHs are selling like they’re clearing out a closet, not a $100k asset. This indecision is why they’re the market’s least popular guests.
Every time BTC hits $112.5k, STHs panic-sell like it’s the last day of crypto. Instead of holding for a rebound, they’re cashing out as soon as they see their entry price. It’s like selling your car the second it hits the same price you bought it for-because obviously, you’re not a collector.
This repeated selling near the STH cost basis is doing the crypto equivalent of building a wall of regret. Long-term holders are chilling like they own the place, while STHs are the ones tripping over their own feet. This dynamic screams “final shakeout” or “deep wick-down event,” which just means your losses are about to get a new best friend.
BTC Tests Weekly Support Zone as Momentum Weakens and Sellers Tighten Control
Bitcoin’s weekly chart looks like a rejected art project from a 3-year-old. It’s sliding toward $103k-$105k, testing the 50-week MA like it’s asking, “Do you still love me?” Lower highs from $127k? Of course, because no one ever sticks to a winning strategy. The recent candle has a wick longer than a yoga instructor’s patience, and sellers are in full control.
Price is above a support zone that held before, but bulls are now playing defense like it’s their first time holding a broomstick. A break below the 50-week MA would send BTC spiraling toward $95k or even $88k, because why not add insult to injury?
The 200-week MA is still trending up, but let’s be real-by the time we get there, we’ll have forgotten what Bitcoin is. Eyes on $110k? Sure, but only if you want to watch the market try (and probably fail) to absorb the selling pressure. Enjoy the show, and don’t forget your emotional support bear market ETF.
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2025-11-05 03:39