The wide, wild bazaar of cryptographic flim-flammery-let’s call it the Great Ledger of Ledgerdemain-is today awash in something best described as “enthusiastic panic.” Prices of the celebrated internet beans have done a reverse bungee. And very much in the starring role-wearing his usual invisible crown-is our old pal Bitcoin who, according to that mysterious soothsayer over at CryptoQuant, has managed to unload roughly three-point-one-three billion United States clam shells in the space of one single hour. That’s about fifty-two million a minute, or (for the metrically minded) a wheelbarrow a second. 🙃
“Taker sell volume,” they call it, to make it sound scientific and not at all like a fire drill in a lemming parliament.
Bitcoin Skydives Beneath the Wretched $118,000 Tightrope
Now the reason behind the sudden neck-crick remains as clear as a politician’s manifesto-i.e., nonexistent-but confidence, that fragile soap-bubble of commerce, has invariably gone *pop*. The day began with Bitcoin strutting like a peacock at $124,210. Seconds later (well, it felt like seconds) it was found sulking in the gutter at $117,698, surrounded by half-eaten pie charts and a damp smell of regret.
What does one call a mood swing that rapid? “Crypto-normal,” probably. 🤹♂️
Observers note that when the taker volume goes vertical faster than a startled wizard on a broomstick, something somewhere has definitely pressed the red button marked “DO NOT PRESS.” And it happens so rarely that when it does, even the ghosts of economists file a formal complaint.
The 24-hour trading volume-to be precise, a roundish 29.61 % bump-indicates both Aunt Petunia with her six dollars of pocket change and the offshore hedge fund sporting three yachts and a pet kraken are hitting “SELL” as though it deducts tax from the universe itself.
Currently, BTC has paused for breath (or possibly for cocoa) around the $117,968 mark. CoinMarketCap’s dartboard says that’s a 3.06 % haircut since yesterday. The line is flat, which in financial poetry means “nobody dares blink first.”
If the preceding this horror show was preceded by a rally so joyful traders left celebratory socks around the trading floor. Today those very socks are being frantically sold off-presumably while still inside them-to bank gains before the Giant Invisible Foot stomps again.
Around the coffee cauldron the seers remain bullish: “Rebound inevitable!” they chirp, fingers crossed behind their backs. Investors, meanwhile-those poor pasty souls-fear a second, deeper plummet if the avalanche of orders continues. A fresh all-time high is thus delayed until at least next Tuesday-or, if the foot gets frisky, until the heat death of the universe. ⏳😬
Read More
- SOL PREDICTION. SOL cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- EUR AUD PREDICTION
- WLD PREDICTION. WLD cryptocurrency
- EUR USD PREDICTION
- USD CLP PREDICTION
- Gold Rate Forecast
- TON PREDICTION. TON cryptocurrency
- Brent Oil Forecast
- EUR CNY PREDICTION
2025-08-14 23:30