The Bitcoin beast, once soaring high, took a tumble below $100,000, testing the resolve of investors like a storm testing a barn roof. But lo! It rose again, proving that even in the darkest hours, hope flickers like a candle in the wind. 🌪️
Analysts, ever the optimists, whisper that despite the chaos, Bitcoin’s path is paved with gold, though they might be wearing rose-colored glasses. 🧢 Their words are as reliable as a desert rainstorm-unpredictable and fleeting. 🌦️
PlanB: Mid-Cycle, Not Mania 🧠
PlanB, the sage of the S2F model, sees this dip as a mere hiccup in a long journey, like a farmer pausing to catch his breath before the harvest. 🌾 His charts show Bitcoin clinging to $100k like a lifeline, a shift from foe to friend. ⚙️
He argues that the market hasn’t reached euphoria yet, with the RSI still around 66. This is like a toddler’s temper-still simmering, but not yet a full-blown tantrum. 😡
“Without that mania phase,” he notes, “we’re likely not at the final top.”
PlanB expects the next major leg higher could target the $250,000-$500,000 range, provided Bitcoin continues diverging from its realized price-like a rebellious teen avoiding their parents’ rules. 🚫
Arthur Hayes: Stealth QE Ahead 🚀
Arthur Hayes connects Bitcoin’s short-term weakness to tightening US dollar liquidity. Since the US debt ceiling was raised in July, the Treasury General Account (TGA) has swelled, draining liquidity from markets like a thirsty camel. 🐪
$BTC (yellow) -5%, $ liq (white) -8% since US debt ceiling raised in July. TGA build up sucked $ out of the system. When US gov shutdown ends, TGA will fall +ve for $ liq, and $BTC will rise … and $ZEC will go up MOAR!
– Arthur Hayes (@CryptoHayes) November 5, 2025
Hayes notes this dynamic caused both Bitcoin and dollar liquidity indices to drop in tandem, like two weary travelers sharing a cold meal. 🍽️
However, he predicts the coming reversal-once the US government reopens and spends down its TGA balance-will mark the start of “stealth QE.” Like a ghost in the machine, the Fed will inject liquidity without admitting it. 👻
In his words: “When the Fed starts cashing the checks of politicians, Bitcoin will rise.”
Raoul Pal: The Liquidity Flood Lies Ahead 🌊
Raoul Pal’s liquidity model paints a similar picture. His Global Macro Investor (GMI) Liquidity Index-tracking global money supply and credit-remains in a long-term uptrend, like a slow-burning fire. 🔥
Pal calls the current phase a “Window of Pain,” where liquidity tightness and investor fear test conviction. But he expects a sharp reversal soon, like a spring thaw after a long winter. ❄️➡️🌸
Treasury spending will inject $250-350 billion into markets, quantitative tightening will end, and rate cuts will follow. A symphony of economic maneuvers, if you can call it that. 🎻
I know no one wants to hear bullish ideas and everyone is scared and wants to fling poo at each other… but the Road to Valhalla is getting very close.
If global liquidity is the single most dominant macro factor then we MUST focus on that.
REMEMBER – THE ONLY GAME IN TOWN IS…
– Raoul Pal (@RaoulGMI) November 4, 2025
As liquidity expands globally-from the US to China and Japan-Pal says, “When this number goes up, all numbers go up.” A truth as old as the hills, or at least as old as the stock market. 📈
The Outlook: Accumulation Before Expansion 🧱
Across models, the consensus is clear: Bitcoin has weathered its liquidity-driven correction. Large holders are buying, technical support has held, and the macro setup points toward renewed liquidity expansion. Like a phoenix, it rises from the ashes-though the ashes are made of digital gold. 💰
Short-term volatility may persist as fiscal and monetary gears realign, but structurally, the next phase favors gradual recovery and accumulation. A slow burn, but a burn nonetheless. 🔥
If liquidity indicators begin to rise again in Q1 2026, both Hayes and Pal suggest the next Bitcoin rally could unfold from the same foundation it just survived-the $100,000 crash test. A test of endurance, if nothing else. 🏁
Additionally, CryptoQuant data indicates that large Bitcoin holders-wallets holding 1,000 to 10,000 BTC-added approximately 29,600 BTC over the past week, valued at roughly $3 billion. A move as subtle as a whisper, yet as impactful as a thunderclap. 🌩️
Their collective balance rose to 3.504 million BTC. This marked the first major accumulation phase since September. Like a farmer sowing seeds in spring, they plant their bets for a future harvest. 🌾
LATEST: Bitcoin whales added nearly 30,000 BTC this week, worth nearly $3 billion, while retail panic and ETF outflows dominate the headlines.
Data from @cryptoquant_com and analyst @JA_Maartun
– BeInCrypto (@beincrypto) November 6, 2025
This buying spree occurred as retail sentiment plunged and ETFs recorded $2 billion in outflows. A tale of two worlds: the whales swim in calm waters while the sheep bleat in the storm. 🐑
Analysts interpret this divergence as a sign that institutional players are quietly reloading, strengthening Bitcoin’s support zone near $100,000. A silent army, preparing for the next march. 🚀
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2025-11-08 10:52