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Oh, the drama! Bitcoin, that frightfully modern form of speculative indulgence, seems to be having a bit of a wobble. Four days of decline, you know. Quite ghastly. It appears remarkably unmoved by good tidings – a distinct lack of gratitude, I always say – yet utterly, thoroughly flustered by the slightest hint of unpleasantness. đ
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And all this fuss over a meeting of⊠the Federal Reserve! Good heavens. Apparently, this august body has sown seeds of doubt amongst the marketâs more excitable inhabitants regarding the continuation of this little âbull runâ. Honestly, the sensitivity of these peopleâŠ
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âSell the Newsâ – How Very Ungrateful!
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A chap at CryptoOnchain – frightfully clever name, donât you think? – has diagnosed the situation as a textbook âsell the newsâ event. Which, translated from analyst-speak, means that when Uncle Sam hinted at the possibility of not reducing interest rates in December (the sheer impudence!), the short-term traders promptly liquidated their holdings. One simply doesn\’t know where to look.
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Apparently, Binance – a name that vaguely suggests a tropical drink but is, in fact, a cryptocurrency exchange – experienced a rather substantial influx of Bitcoin on October 30th. And get this: over 10,000 BTC came from addresses that had held the coins for less than 24 hours! Why, it\’s positively indecent! đ
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âHot money,â he calls it. Charming. Short-term speculators, utterly at the mercy of the headlines. While those with a more⊠established attachment to Bitcoin (coins aged 6+ months, you know, the reliable sort) barely stirred. How very predictable.
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His conclusion? A âshakeout of weak hands,â darling. Not a fundamental loss of faith. The foundations, he assures us, remain âstrong.â One hopes heâs right, naturally. One really does.
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Losses? Merely a Fleeting Discomfort
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âCryptoVizArt.âżâ – another adorable moniker – at Glassnode has weighed in with a rather reassuring observation. The unrealized losses are, apparently, âminor.â A mere $107K, which represents a teensy 1.3% of Bitcoinâs market cap.
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One remembers, rather vividly, the 2022 bear market. That was a proper catastrophe! The Unrealized Loss soared to a terrifying 20% of the market capitalization. A signal, you see, of impending doom. đŹ This, apparently, is nothing of the sort.
\n\n
Apparently, âmildâ bear markets require a 5% Unrealized Loss, and âsevereâ ones⊠well, 50% or more. My dear, the very thought! So, chin up. Donât fret. And perhaps invest in something a bit more⊠stable. Like antique silver. đ
\n
Oh, the drama! Bitcoin, that frightfully modern form of speculative indulgence, seems to be having a bit of a wobble. Four days of decline, you know. Quite ghastly. It appears remarkably unmoved by good tidings – a distinct lack of gratitude, I always say – yet utterly, thoroughly flustered by the slightest hint of unpleasantness. đ
And all this fuss over a meeting of⊠the Federal Reserve! Good heavens. Apparently, this august body has sown seeds of doubt amongst the marketâs more excitable inhabitants regarding the continuation of this little âbull runâ. Honestly, the sensitivity of these peopleâŠ
âSell the Newsâ – How Very Ungrateful!
A chap at CryptoOnchain – frightfully clever name, donât you think? – has diagnosed the situation as a textbook âsell the newsâ event. Which, translated from analyst-speak, means that when Uncle Sam hinted at the possibility of not reducing interest rates in December (the sheer impudence!), the short-term traders promptly liquidated their holdings. One simply doesn’t know where to look.
Apparently, Binance – a name that vaguely suggests a tropical drink but is, in fact, a cryptocurrency exchange – experienced a rather substantial influx of Bitcoin on October 30th. And get this: over 10,000 BTC came from addresses that had held the coins for less than 24 hours! Why, it’s positively indecent! đ
âHot money,â he calls it. Charming. Short-term speculators, utterly at the mercy of the headlines. While those with a more⊠established attachment to Bitcoin (coins aged 6+ months, you know, the reliable sort) barely stirred. How very predictable.
His conclusion? A âshakeout of weak hands,â darling. Not a fundamental loss of faith. The foundations, he assures us, remain âstrong.â One hopes heâs right, naturally. One really does.
Losses? Merely a Fleeting Discomfort
âCryptoVizArt.âżâ – another adorable moniker – at Glassnode has weighed in with a rather reassuring observation. The unrealized losses are, apparently, âminor.â A mere $107K, which represents a teensy 1.3% of Bitcoinâs market cap.
One remembers, rather vividly, the 2022 bear market. That was a proper catastrophe! The Unrealized Loss soared to a terrifying 20% of the market capitalization. A signal, you see, of impending doom. đŹ This, apparently, is nothing of the sort.
Apparently, âmildâ bear markets require a 5% Unrealized Loss, and âsevereâ ones⊠well, 50% or more. My dear, the very thought! So, chin up. Donât fret. And perhaps invest in something a bit more⊠stable. Like antique silver. đ
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2025-10-31 10:29