Bitcoin’s Big Boredom: The $90K Snore Zone! 😴📉

by

Bitcoin, that old grumpy bear, has been lumbering around below $90,000 like a sloth on a coffee break, while the blockchain’s heartbeat slows to a sleepy thud.

Oh, how thrilling! Bitcoin’s been stuck in a price rut deeper than a chocolate factory floor, with on-chain indicators wailing like a teakettle. The network’s so quiet, you could hear a whale sneeze in Miami. Traders? They’re all napping, or playing poker with their hands tied behind their backs. 🃏💤

CryptoQuant, that number wizard, says Bitcoin’s utility has slumped faster than a cake in a flood. The 30-day Active Addresses SMA? It’s now a measly 807,000-its saddest slouch since last year. Retail traders and speculators? They’ve all joined a “Do Not Disturb” club. 🚫🛒

Source: CryptoQuant

Binance’s Ballet of Boredom

Binance’s deposit and withdrawal numbers are so low, even a sloth would yawn. It’s like watching paint dry… but the paint’s also taking a nap. Long-term holders? They’re sitting there like statues, unmoved by Bitcoin’s $88,000 wobble. Selling pressure? Non-existent. Coins aren’t even on exchanges-they’ve gone on a vacation to Nowhere Island. 🏝️

Withdrawals? Oh, they’re as rare as a rainy day in the Sahara. Investors aren’t racing to stash coins in cold storage. Bulls and bears? They’ve both joined a “Wait and See” fan club. 🤷♂️🐻

You might also like: Monad’s Mess: Coinbase’s ICO Party Leaves Puddles in the Puddle 🌊

Price vs. Activity: A Divorce of Disinterest

Bitcoin’s price and network activity are now strangers at a party, ignoring each other. High price, low buzz-it’s a tale as old as crypto. Both sides have packed their bags and gone home. 🏃♂️🏃♀️

History whispers: Volatility always crashes the party after a long siesta. Markets are hunting for balance like a toddler on a seesaw. But this stalemate? It’s longer than a Netflix series. CryptoQuant calls it a “market arm-wrestle”-no one’s winning, and the referee’s asleep. 🥊😴

Trading volume? Still lower than a tortoise’s heartbeat. Everyone’s waiting for a cue… any cue. Until then, Bitcoin’s stuck in a $90K cage, waiting for someone to toss it a bone-or a rocket. 🚀🦴

Read More

2025-12-25 09:09