The sacred resistance at $0.18-$0.19 appears to be taunting yet again, with the next targets being perhaps more fitting for a fairy tale – $0.15 and maybe a heartbreaking $0.13. Yes, hold onto your hats, or your coins, or both.
The wise (or so they claim) analysts declare Bitcoin hath found its IPO price, a treasure chest now empty, with venture capital fleeing like scared courtiers. Fear, that fickle mistress, doth rise, and lo! The pioneer crypto seeks its bottom, like a drunkard searching for his lost coin. 🕳️
Calacanis didn’t stop there. Oh no, he also insisted that if the company goes belly-up, there should be no Bitcoin bailouts. Because, why not throw in a little more drama to the mix? 🎭
According to the Financial Times (those fancy folks with their pink papers), Ledger-the folks peddling USB-style vaults for your digital gold-is having a year so good, they’re probably popping champagne corks with their hardware wallets. Revenues? Triple-digit millions in 2025. That’s more zeros than a mathematician’s dream! 🍾💸
According to Sentora’s data (because who doesn’t trust random blockchain analytics?), every major network-Ethereum, Solana, Arbitrum, BNB Smart Chain, and Base-decided to lose double-digit percentages like it was a Black Friday sale on bad decisions. 🛍️📉
In the spring of 2024, the illustrious Department of Justice, that bastion of moral clarity, did accuse Anton and James Pepaire-Bueno-MIT-trained alchemists both-of weaving a web of deceit worthy of a penny dreadful. 🕵️♂️
CryptoQuant’s Quicktake post is basically a gossip column for Bitcoin. Arab Chain dropped the mic, revealing that Binance’s risk game is as shaky as a toddler on a trampoline. The Bitcoin Sharpe Signal metric? It’s now a negative -0.277, which is basically the crypto equivalent of a “meh” emoji. 🙃
Fidelity’s FBTC dumped $256 million-because why hold onto Bitcoin when you can just, I don’t know, not be a crypto fund? 🤷♂️ Ark Invest’s ARKB followed with $144 million in redemptions, which is apparently a “record” for them. Congrats! BlackRock’s IBIT added $131 million of withdrawals, making it seven days of bleeding money out of eight. Sounds like a financial hemorrhage you’d see in a horror movie. 👻
This downward capitulation has been duly attributed to a most interesting shift in the dispositions of the investing class, none more curious than that of the long-term holders (LTHs). A distinguished crypto savant, Julio Moreno by the name, shared his observations upon the intriguingly transformative behaviour of these steadfast custodians of Bitcoin.
The 1-hour chart, a reluctant optimist, recently leapt from $2.26 toward $2.30, yet its steps are heavy with the weight of low volume and feeble resolve. A bear flag, ever the fashion faux pas for bulls, looms ominously. Without a decisive breach above $2.32, this range feels less like a launchpad and more like a waiting room. 🚶♂️
