Bitcoin at $90K?! 🙄

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So, Bitcoin‘s above $90,000. Fine. Whatever. Everyone’s hyperventilating about the FOMC meeting… like that’s gonna change anything. It’s all just noise. But get this-apparently, some people are actually looking at, like, data. Not just obsessing over lines going up and down, which is, frankly, exhausting.

This CryptoQuant thing says Bitcoin exchanges have the fewest coins in… ever? Like, seriously? It’s like everyone’s suddenly decided to hide their Bitcoin under their mattress. Which, you know, makes sense. Banks are a mess. But still. They were supposed to be selling when the price dipped, right? A “sell-off?” Everyone always talks about a sell-off! Instead, they just… didn’t. They kept taking the stuff off the exchanges. People are holding! Holding onto something that could go down tomorrow! It’s irrational!

And according to these “analysts”, this is a good thing. Less Bitcoin available to sell means… less Bitcoin available to sell. Brilliant. Groundbreaking stuff. 🤦‍♂️ Apparently, it’s “structural strength.” It’s always “structural strength”. It’s just… it’s a lot to process, okay?

They’re Calling it “Structural Strength”…

They say it’s not just random day traders moving things around. No, no. It’s the long-term holders. The “institutional entities.” They’re “steadily moving BTC into self-custody or cold storage”. Self-custody! Like they know what they’re doing! I can barely manage my Netflix login.

You know what usually happens when the price drops? People panic! They sell! That’s how it works! But not these people. Nope. They’re buying the dip. While everyone else is freaking out. It’s… it’s infuriatingly logical. And makes zero sense. It’s just… annoying.

So, despite the price kinda bobbing around, these on-chain metrics are suddenly “turning bullish”. Oh great. Like I need another reason to be skeptical. It’s “forming beneath the surface”, they say. Of course, it is. Everything is “forming beneath the surface”. Can’t things just be?!

BTC is… Somewhere. Nobody Knows.

The charts are all over the place. It’s trading around $90,437. Give or take. Apparently, it’s near the 200-day moving average. Which sounds important. But is it, really? It might go up. It might go down. No one knows. They’re talking about reclaiming $95K – $97K… as if reclaiming is a thing. Like it lost something. 🤨

The volume is shrinking, which apparently means people are tired of selling. Good for them. I’m bored just hearing about it. So, yeah. Be careful. Or don’t. Honestly, it probably won’t matter. It’s Bitcoin. It’s always a mess.

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2025-12-10 08:32