Bitcoin’s Big Cry: 65K BTC Sent to Exchanges 🚨

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Bitcoin is acting like a teenager who just got dumped-trading below $100k and throwing a tantrum. 🤡 The market is like, “Why are we even here?” while everyone’s side-eyeing the $95k support level. It’s like watching a soap opera, but with more graphs and fewer actual people. 📈

According to top analyst Darkfost, short-term holders (STHs) – those who bought Bitcoin in the past few months – are now basically crying into their coffee. Their average cost is $110k, so they’re basically crying into their coffee. ☕😢 This is the financial equivalent of a “I told you so” from your ex. 🤭

For context, during the March correction, STHs had a two-month pity party before things got better. This time? It’s like the same playlist, but the DJ forgot the volume. Whether history repeats itself? Only the market knows. And it’s not talking. 🤐

Short-Term Holders Show Signs of Capitulation as Losses Mount

STHs are facing intense stress, like a toddler at a buffet. The SOPR is below 1, meaning they’re losing 7% when they sell. It’s like the market is saying, “Hey, you’re not getting out of this unscathed.” 🤯 Historically, this is the market’s way of saying, “I’m done, but I’ll probably come back in a few weeks.” 🤷‍♀️

Darkfost notes that STHs are particularly reactive to price swings, exiting in panic once losses deepen. On Nov 15, 65K BTC hit the exits at a loss-$6B in sell pressure. It’s like a Black Friday sale, but for panic. 🛒💸

Despite the negativity, this dynamic has historically signaled market exhaustion. Each spike in realized losses is like the market saying, “I’m out of energy, but I’ll probably binge-watch Netflix and come back tomorrow.” 🍿

Bitcoin Attempts to Stabilize Near $95K After Steep Sell-Off

Bitcoin is trying to act tough, but it’s clearly still in recovery mode after that $100k dive. 🧘‍♂️ The chart shows it’s broken below its 50-day and 100-day averages, which is like a GPA dropping below a C. 📚 But now it’s finding support near $95k-like a couch that’s been there since 2017. 🪑

The selling pressure has started to ease, like a toddler finally falling asleep. But bulls are still struggling to take over. A close above $100k would be like a “I’m back!” moment. 💪

If $95k fails, the next stop is $90k-historically a “bear market or bust” zone. On the flip side, reclaiming $100k could be the start of a “I’m not done yet” rally. For now, Bitcoin is just… meh. 🤷‍♂️

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2025-11-18 04:13