The land of Bitcoin, once a golden field of promise, now lies parched and cracked. Its price, like a stubborn donkey, dropped from a lofty $126,000 to a four-month low of $98,962.06, leaving observers muttering, “Surely, the people have turned their backs on this cursed coin.” But lo! A voice rises from the dust-CryptoQuant, that grizzled data sage, insists the fire still burns in the hearts of investors.
The Market’s New Dance
Mignolet, the analyst with a mind like a weathered ledger, declares the rhythm of the market has shifted, but the song remains loud. Before the ETFs, folks fixated on ratios like a farmer on the moon phases. Now? They’ve learned to listen to the soil’s whispers-volume data, once ignored, now sings a different tune.
“Ain’t no use lookin’ just at ratios,” Mignolet growls. “That’s like countin’ raindrops in a drought. The real story’s in the volume-$111 billion overnight, like a flood breaking through ice!” 🌊
The Pattern Changed, But Market Interest in Bitcoin Remained Strong
“If you only look at ratios, it may seem like the market wasn’t overheated – but that wasn’t the case. Investor interest was clearly high.” – By @mignoletkr
– CryptoQuant.com (@cryptoquant_com) November 5, 2025
And so it stands: Bitcoin’s price wavers like a willow in the wind, outperformed by U.S. treasuries (those old, slow-moving bureaucrats 🐢), yet the crowd still dances, eyes on the next bull run.
Altcoins: The Scapegoats of the Season
Ethereum, once hailed as the next great hope, now limps like a mule with a sore back. The market lost $1 trillion in weeks, and investors, like starved crows, squabble over new scraps. “Screwed,” one analyst mutters, eyeing the carnage. But Raoul Pal, that wild-eyed prophet, sees salvation in the government shutdown. “Wait for the dam to break,” he cackles. “When the Treasury General Account unleashes $300 billion, the market’ll sprout like wheat after a fire.” 🔥
Volatility, they say, is the air we breathe. Some sell, others buy, and all the while, the price ticks higher-2.69% to $101,786, a paltry gain but a stubborn grin. Year-to-date, it’s up 7.52%, a statistic that might as well be a haiku to the hopeful.
And so the tale continues: a market of farmers and gamblers, of droughts and floods, where even a crash is just a prelude to the next harvest. 🌾
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2025-11-05 17:21