The Bitcoin short-term holders, those fleeting possessors of digital gold, have momentarily stilled their fervent dance of divestment. As the price clings stubbornly to the $115K precipice, the onchain winds whisper of a truce between greed and fear. Glassnode, that vigilant scribe of market tempests, notes a 45% slump in their spent volume-a sigh of relief, or perhaps a yawn of apathy? 🤷♂️
Ah, the “relatively balanced position”-a phrase as comforting as a samovar on a winter’s eve. Seventy percent of STHs still cradle profits like newborns, while the rest waltz between gain and loss with the grace of a drunkard on a tightrope. A midline of bull phases, they call it. How pedestrian! One might think the market’s heartbeat has been transplanted from a spreadsheet. 📊
Yet these short-term holders, those fickle lovers of volatility, remain under scrutiny. History, that untrustworthy narrator, reminds us they flee at the first sniff of chaos. And what chaos isn’t there? From $123K highs to $112K lows in weeks-a tale as old as the blockchain itself. Or perhaps newer? 🕰️
Checkonchain, that digital oracle with a penchant for drama, proclaims: “Weak hands weep at their buy-in price, chanting ‘get me out!'” A tragicomedy of errors, where recent buyers-those who dared touch all-time highs-now sell like Shakespearean fools. 🎭
And yet! The bulls, ever the optimists, dream of $250K by year’s end. Tom Lee, that modern-day Icarus, soars toward “120, 200, 250”-as if numbers alone could defy gravity. Let us hope the market’s next dip is but a “short, sharp sigh,” not a requiem for hubris. 🎤
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2025-08-07 06:54