Bitcoin’s $100K Rollercoaster: Institutions Are In, Miners Are Out 😅

Since mid-August, Bitcoin’s on-chain activity has been a theater of contradictions-a grand opera where resilience battles weakness in an eternal duel. Delta Cap, standing tall at $739.4 billion, serves as Bitcoin’s valuation floor, while the Coinbase Premium Gap gleams at +11.6, a testament to U.S. institutional fervor. Ah, institutions-those modern Medici families-are buying with gusto! Yet, beneath this glittering façade lies volatility, ever-present and mischievous. Despite its wobbles, Bitcoin remains perched above $100K, signaling conviction among investors who seem to believe they’re holding tickets to financial salvation. 🎟️


