Bitcoin’s Downfall: Traders’ Secret Weapon! 💸😢

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Oh, what a tragicomedy this is! Bitcoin, that delicate creature, has plunged to a seven-month nadir, all thanks to its devoted followers-those noble traders-depositing their hard-earned coins into exchanges like sacrificial offerings to a fickle god. A grim omen, indeed, for the digital realm’s most notorious snake oil.

Historically, such a ritual has heralded a tempest of selling, as if the very air were thick with the whispers of past crashes. Now, the investors, those self-proclaimed sages, have taken to hoarding their assets in self-custody, while the exchanges, those gilded temples of liquidity, swell with a tide of BTC. A paradox, my dear reader, where the faithful are both the savior and the executioner.

BTC: The Unstoppable Descent

Bitcoin, that trembling wisp of a cryptocurrency, has dipped to a mere $80,000-a seven-month low that would make even the most stoic bear weep. Yet, the market, that fickle jester, has since flirted with $91,000, only to retreat into the shadows. A dance of shadows, where hope is but a fleeting mirage.

As the price teetered near $87,000, the exchanges received a deluge of 9,000 BTC, a spectacle so grand it could rival a medieval festival. Of this, 45% came from the mighty depositors, those titans of the crypto world, who fling 100 BTC at a time like confetti at a funeral. The average deposit, once a modest 0.6 BTC, now soars to 1.23-a record as lofty as a pigeon’s ambition.

Should this trend persist, Bitcoin may find itself trapped in a purgatory of its own making, where supply drowns demand in a sea of despair. A new dawn, perhaps, but only if the market’s heart beats anew.

ETH and Altcoins: The Frail Siblings

Even Ether, that once-proud sibling of Bitcoin, is not immune to this malaise. Though its inflows to exchanges have not surged dramatically, the deposits are now dominated by the titans of the altcoin world. Since its fall to $2,900, the daily average has climbed to 41.7 ETH-a level unseen in nearly three years. A lamentable descent, indeed.

Meanwhile, the altcoin sector, that motley crew of digital outcasts, continues to pour its assets into exchanges. Since July, the daily transactions have hovered above 40,000, peaking at 78,000 on October 17. A frenzy of activity, as if the market itself were a pack of wolves howling at the moon. A low price, a high deposit-what a tragicomedy!

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2025-11-29 18:22