jpyxx Though the decline appears as bleak as a Cossack’s frown, one might recall the old tales where such a phase, though grim, often heralds the end of the storm, not the continuation of the tempest. After all, what is a bearish market but a grumpy old man who’s merely tired of shouting?
In a post brimming with the sort of optimism usually reserved for lottery ticket buyers, Long posits that companies are currently sitting on more trapped capital than a subway turnstile during rush hour.
Ah, 2018. A year forever etched in the memory of speculators and dreamers as the ‘crypto winter’, a season of such chilling austerity that the price of Bitcoin descended to a mere three thousand dollars. A pittance, one might say, considering the early pronouncements of limitless ascent.
Winter storm Fern has rampaged through the United States, leaving behind the usual casualties: frozen pipes, frustrated citizens, and-most tragically-slowed Bitcoin mining operations. The network’s block production slowed by nearly two minutes, proving that even machines fear the cold.
SEI has been doing what SEI does best: being indecisive. It’s hovering near $0.105, a level so crucial, it might as well be the last working vending machine at an office park. Everyone’s watching. No one knows anything.
Key takeaways:
I saw CZ post on X that he’s releasing more information soon – he said his book will be out in four to six weeks, and that it’ll cover everything, so there are no secrets. Seems like he’s confident about being fully transparent.
Although this may appear to be stabilization on the surface, the fundamental issue is clear: SHIB currently lacks real volume to work with. SHIB remains capped below all of the major moving averages on the chart, with shorter-term averages continuing to reject the price on each minor bounce, while the 200-day trend line slopes downward and serves as a clear long-term resistance.
One of the more telling bits of tea-leaf reading comes from the AVAX/BTC chart. The ratio keeps sliding downward, showing AVAX’s underperformance against Bitcoin. It matters because when the coin laddering back into style usually starts with a spot of relative swagger, not with its tail between its legs.
The crypto economy weighs in 1.75% lighter than yesterday, a gleaming total of $2.96 trillion dwindling like a mirage under a noon sun. Selling gathered momentum once bitcoin breached the 88,250 realm, a beacon that had offered a brief foothold earlier in the morning.
