Bitcoin’s Panic Slows: 80% Less Selling (Don’t Be Fooled) 😅📉

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Bitcoin’s still loitering below $90,000, like a sad ex who can’t stop checking their ex’s Instagram. It’s been stuck in this “almost breakout” phase since December 14, and honestly, the market’s starting to look like a group chat where no one’s saying anything but everyone’s silently panicking. 🤭

But hold up-before you sell your grandma’s pearls to buy a tinfoil hat, let’s talk about the real drama. Axel Adler, crypto’s favorite gloom analyst (you know, the one who’s always side-eyeing the chart), dropped a spicy graph this week. Turns out November wasn’t just a bad hair day-it was a full-blown “I-quit-my-job-to-trade-Bitcoin-and-now-I-own-12-cats” level of capitulation. December? More “meh, I’ll just binge-watch The Bear and pretend this isn’t happening.”

Realized losses? Sounds like a Taylor Swift album, but it’s just crypto jargon for “how much money did we collectively flush this week?” The z-score? That’s the market’s stress test-like checking your blood pressure after your 10th coffee. November’s spike? Off the charts. December’s? A snooze-fest. 📉

Back in November, sellers were chucking Bitcoin like a hot potato dipped in lava. $5 billion in daily losses? Normal. December’s peak? A measly $0.5 billion. It’s like comparing a fire alarm to a toddler blowing out a candle. Adler’s take? “Seller exhaustion,” which is analyst code for “everyone who could panic-sell already did… or is just too traumatized to check their portfolio.”

But wait-there’s more! The Net Realized Profit/Loss (P/L) metric is still stuck in the “I’m-not-okay” zone. Translation: the market’s still licking its wounds. But the bleeding’s slowed. Over December, losses shrank by half. Not because Bitcoin’s suddenly a golden goose, but because sellers are all like, “Eh, I guess we’re too tired to care.” 🥱

Adler’s basically saying, “Hey, remember when markets stabilized after everyone cried into their pillows? Yeah, this feels like that.” But don’t get your hopes up-history’s a fickle friend, and this “stabilization” could just be the calm before the “I-should’ve-listened-to-my-mom” crash.

Price Remains Range-Bounded

Bitcoin’s stuck in a price purgatory, hovering around $87,600 like a fly that can’t find the window. The 4-hour chart? A snoozefest. Buyers and sellers are locked in a staring contest, and honestly, it’s getting awkward. 🙄

The 200-period moving average is the toxic ex who keeps showing up but won’t commit. It’s hovering near $90k, acting all “I’m dynamic resistance now,” while the 100-period average just… exists. Like a middle manager at a failing startup.

And the compression pattern? Tighter than my jeans after Taco Tuesday. Lower highs, higher lows-it’s all very dramatic, like a Netflix true crime documentary. But here’s the kicker: $86k is the line in the sand. Drop below that, and we’re heading to the low $80s. Break above $90k? Suddenly, the bulls might actually remember how to… well, bull. 🐂

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2025-12-30 03:14