The Grapes of Crypto Wrath
Why is Bitcoin’s price as weak as a scarecrow in a dust storm? 🌪️
The land of the free and the home of the brave has turned its back on Bitcoin, selling it off like yesterday’s newspaper. The U.S., once a beacon of crypto hope, now leads the charge in dumping BTC faster than a farmer fleeing a bank foreclosure. 🏦💨
Will BTC hit $95K in November, or is it doomed to wander the desert of despair? 🏜️
The odds say it’s a coin flip-48% chance of hitting $95K. But with the way things are going, Bitcoin might as well be a turtle racing a cheetah. 🐢🐆
At press time, Bitcoin was clinging to the $100K mark like a migrant worker to a paycheck. But over the past 24 hours, it’s dropped 1.5%, and the vultures are circling. 🦅💰
Uncle Sam’s Great Bitcoin Sell-Off
The U.S. is leading the charge, dumping BTC like it’s hot garbage. The Coinbase Bitcoin Premium Index has been red since October 30th, a bloody flag waving in the wind of despair. BlackRock, the corporate giant, sold 6,800 BTC-worth over $700 million-averaging $30 million per transaction. That’s enough to make even the Joads blush. 🤑🚨
Meanwhile, Bitcoin ETFs saw $240 million in inflows, but it’s like spitting in the ocean-not enough to stop the tide of selling. 🌊💸
Why is a Reversal as Likely as Rain in a Drought? ☔🚫
The selling pressure isn’t just in the U.S.-it’s global. Asia and the EU are joining the party, turning Bitcoin into the world’s favorite piñata. 🎉🪅
Bitcoin’s Cumulative Return By Session has fallen from +3% to -4%, a bearish slide that would make even the most hardened trader weep. 😭📉
On November 6th, sell orders drowned out ETF inflows like a tractor drowning in a dust bowl. And Polymarket’s prediction markets? They’re singing the same sad song: 48% chance of $95K, 24% chance of $90K. The dream of $115K? It’s fading faster than a hobo’s hope. 🛤️💔
Blame it on the AI bubble, job cuts, or the government shutdown-Bitcoin’s in a world of hurt. And global tariff tensions? They’re just pouring salt in the wound. 🧂😖
Waiting for the Storm to Pass ☁️⛈️
CVD divergences hint at a reversal, but it’s like waiting for rain in a drought. Hyblock Capital says selling exceeds buying on short timeframes, but prices close higher-a glimmer of hope in a sea of red. 🌟🔴
Bitcoin’s under pressure, like a migrant worker under a scorching sun. Recovery? Only when the bids outweigh the asks and the selling stops. Until then, it’s just another sad tale in the crypto fields. 🌾😢
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2025-11-07 16:27