Bitcoin: $100K or Just Hot Air? 🤔

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It has come to pass, as these things so often do with a peculiar lack of grand narrative, that Bitcoin [BTC] has, for a fleeting moment, ascended above the ninety-thousand mark. A minor triumph, one might say, after a little dance around the ninety-thousand two-hundred and fifty ruble point on a Sunday evening. A mere ripple in the vast ocean of human folly, yet those who trade in these digital phantoms speak of it with a gravity usually reserved for matters of life and death. 🙄

A fellow named Maartunn-a prophet of sorts in this new age of speculative finance-has observed that Mondays, quite conveniently, have been the strongest days for trade of late. As if the week begins with a collective need to justify the excesses of the weekend! Naturally, one suspects this is a coincidence, or perhaps the workings of some unseen hand guiding the market. 🤷🏻‍♂️

However, let us not be carried away by such momentary elation. For these Mondays, it seems, are prone to a curious trick-a brief surge of optimism followed by a swift and disheartening retreat. It’s a game of fools, designed to relieve the unwary of their coin, or rather, their digital representations of coin. A ‘V-reversal’, they call it, as if the market itself is mocking their hopes.

Indeed, whispers are already circulating amongst the more pessimistic souls (and, frankly, those with a more realistic grasp of human nature) that we may be entering a period of decline-a ‘bear market,’ as they term it. A downturn! How dreadful. One can almost hear the collective wailing of the ‘investors’.

Yet, even as doom looms, a glimmer of hope appears. Talk of a United States Bitcoin Reserve in the year 2026. A grand scheme, no doubt, that will only serve to introduce another layer of bureaucracy and control, but one that might, for a time, buoy the price. A most curious paradox. 🤨

Bitcoin price: The $100k challenge

A certain Axel Adler Jr., a man preoccupied with the minutiae of ownership structures, has observed that the flow of Bitcoin has stabilized, a sign, he claims, of a bearish tendency. He speaks of ‘HODL structures’ and ‘realized cap shares’ as if decoding the very secrets of the universe. It is all remarkably tiresome.

From the fifth to the eleventh of January, those who have held Bitcoin for six months or more increased their share, though only by a trifling amount. A mere 0.40%. A shift, you understand, from those who held it for a few months to those who held it for a year or more. A grand drama, unfolding at the pace of a glacier.

And what of newcomers? Alas, there were few. The long-term holders were simply shifting their holdings, not expanding them. The newcomers, one suspects, are wisely keeping their coin close, awaiting a more opportune moment. Though, some might say, such a moment will never arrive.

It seems that at the current price, even the most steadfast holders are not yet ready to abandon ship, their losses, for now, being tolerable. But patience, like the price of Bitcoin, is a fickle thing. 😏

In recent days, the pressure to sell from these long-term holders has been somewhat contained, but like all things, this period of calm is unlikely to last. As the price creeps closer to that fateful $100,000 mark, one can anticipate a surge in selling. The instinct for self-preservation is a powerful one, after all.

And the heatmaps, those colorful depictions of potential ruin, confirm it: $100,000 is a critical zone, a magnetic field attracting both hope and despair. It is where the losses are concentrated, where the largest fortunes will be made-and lost. It seems the market enjoys a good spectacle.

However, even as the price rises, there are whispers of large holders quietly exiting, finding profit at around $99,000. A sudden abandonment of faith, a cold calculation of risk. Will this derail the upward momentum? Only time will tell. It’s really quite stressful, isn’t it? 😅

Final Thoughts

  • Bitcoin did, in truth, surpass $92,000, offering a momentary respite from the prevailing uncertainties. But beware, for Mondays are notoriously fickle, and past performance is no guarantee of future results.
  • The analyst warns, with a solemn tone, that the pressure to sell from long-term holders is likely to increase as the price nears $100,000. A wise investor always heeds such warnings… or simply ignores them and hopes for the best.

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2026-01-13 04:12