The next chapter in the DAT saga is here: firms with stocks trading at 50%-98% off their peaks are now selling crypto to buy back shares. Because why not? It’s not like crypto is useful for anything else. 🤷♂️
Imagine if your Netflix password suddenly worked on every streaming service. Coinbase could do the same for ASTER-just swap “binge-watching” with “binge-buying.” If bulls keep partying, we might get a price breakout that even my grandma would call “juicy.” 🎉
Enter Setupsfx, the pseudonymous sage of the crypto world, who kindly shares his rather grim outlook. It seems he’s not part of the ‘quick recovery’ brigade. Oh no, he’s suggesting that Bitcoin will likely dive even further before any relief is in sight. There’s something terribly captivating about the idea of a nosedive, isn’t there? And with Bitcoin already dropping below $90,000, the mood is rather like watching a soufflé collapse. The forecast? A further tumble, possibly down to the $60,000-$70,000 mark. That’s right, brace yourselves for a lovely little 20% crash.
So, Bitcoin’s struggling under the weight of its own hype-falling below $90,000. And what’s fueling this disaster? A cocktail of futures liquidations, ETF outflows, and the crushing realization that corporate buys might not be as hot as we thought. Crypto market? More like a crypto crisis, am I right? 😬
Bitcoin ($BTC) is still in limbo at around $91K, which could lead to the year’s most active whale week. 🐋🌊
Zooming out to the daily chart, bitcoin appears to be in no rush to reclaim its former glory. Since peaking around $126,272 in early October, it has endured a relentless descent, settling near $88,497. The formation resembles a textbook descending channel, perhaps even a double top breakdown-both bearish cues for chart enthusiasts. 🧠📉
Oh, the audacity of it all! India, that grand stage of contradictions, is birthing a fully collateralized digital asset, the Asset Reserve Certificate (ARC), slated to debut in the first quarter of 2026. 🗓️✨ A joint venture between the Ethereum scaling titan Polygon and the homegrown fintech darling Anq, this project is as ambitious as a Gogol protagonist-full of hope, hubris, and a dash of absurdity.
While traders are busy freaking out over every tiny flicker of a candle, Ethereum’s staking fans have been sneaking up to a towering new high-like a sneaky cat lurking in the shadows! Over 33 million ETH are locked away, snug as bugs in a rug, showing that these folks aren’t just flinging money around like drunken pirates. No, these are the serious, long-term believers who’re willing to stash their ETH for years, knowing full well they might not pull it out when the market’s throwing a tantrum.
What to know, darling? Abu Dhabi’s Al Warda Investments just played the ultimate “I’ve got a bigger Bitcoin stake than you” game 🎲. They tripled their BlackRock’s IBIT ETF holdings by 230% in Q3, now owning nearly 8 million shares worth $517.6 million. Fancy, right? But let’s be real-this is just the emirate’s version of buying a second home in the Hamptons. 💸
Bitcoin’s playing dodgeball with market uncertainty and a lack of liquidity right now. Sure, liquidity’s supposed to be coming… eventually. The Fed is reportedly ending its quantitative tightening (how fancy!) and maybe even cutting rates soon. But, oh honey, will that be enough to save Bitcoin from its downward spiral? Probably not, but who knows? The market’s like a wild rollercoaster, and we’re all strapped in for the ride. 🎢