Ah, the grand spectacle of Bitcoin whales, those magnificent leviathans of the crypto sea, have taken to their buying frenzy with a fervor unseen since the dawn of timeโor at least since last week. Our dear crypto oracle, Lark Davis, has observed this delightful dance of the whales on the sixteenth day of April, in the year of our Lord, twenty twenty-five.
In the past two moons, those grand holders, clutching between one thousand and ten thousand BTC, have been indulging in a shopping spree that would make even the most extravagant of spendthrifts blush. The charts from CryptoQuant reveal a steep ascent in their balances, as if they were climbing the very heights of Olympus itself, while the price of Bitcoin has been on a rather unfortunate downward spiral since mid-January. How delightfully ironic! ๐ข
Have you been stacking sats while prices dropped? If so, congratulations! You are in splendid company, as the whales have been quite busy in March and April.
โ Lark Davis (@TheCryptoLark) April 15, 2025
The Liquidity Circus
On the fifteenth day of April, the illustrious Julio Moreno, head of research at CryptoQuant, reported that their โBull Score Indexโ has been languishing below fifty for fifty-eight of the last sixty days. A condition, he notes, historically associated with negative price trends. How charmingly pessimistic! Yet, fear not, dear reader, for corrections larger than thirty percent are as common as bad puns in a Wildean play.
Our astute on-chain analyst, known only as โRootโ, has taken a step back to observe the grand tapestry of global liquidity, which is currently at an all-time high. This measure of circulating money supply has been closely correlated with Bitcoin prices over the past decade, much like a faithful dog following its master.
Global liquidity at an ATH, rising steeply. #Bitcoin
โ Root (@therationalroot) April 14, 2025
Investor Mike Alfred, ever the voice of reason amidst the cacophony, remarked that while the market is rife with noise, the important thing is that M2 is spiking. M2, dear friends, is merely a measure of the liquid currency in circulation, not a new dance craze.
โGameStop is buying, Saylor is adding, other corporates are loading, nation states are scheming, and the blocks keep minting,โ he quipped, with a twinkle in his eye.
Ah, the increase in global money supply, a delightful product of central banks printing to extinguish economic fires! How wonderfully bullish for crypto, as it provides ample liquidity for those daring enough to flirt with high-risk assets.
Global Money supply is going completely parabolic.
We will go to unimaginable heights.
Are you positioned?
โ Gordon (@AltcoinGordon) April 15, 2025
The Crypto Market: A Dismal Comedy
In the short term, the crypto markets remain ensconced in a bearish embrace, with a retreat of four percent in total market capitalization over the past twenty-four hours. Bitcoin, that fickle mistress, has fallen from an intraday high of $86,000 to a mere $83,270 during the Wednesday morning Asian trading session, and recovery has been as sluggish as a tortoise in a marathon. The market, it seems, is rather โboring,โ as described by the weary souls navigating these turbulent waters.
Ethereum, too, finds itself ensnared by the bears, having plummeted below $1,600 and failing to reclaim that lofty perch, while the majority of altcoins are painted in shades of red today. How delightfully tragic! ๐ญ
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2025-04-16 12:27