Bitcoin’s Last Hurrah? Or a Hidden Masterstroke? 😂💰

by

Bitcoin‘s Last Hurrah? Or a Hidden Masterstroke? 😂💰

  • Bitcoin, that ancient relic of financial mysticism, continues to charm the believers—long-term hodlers steadfast, short-term sellers somehow less enthusiastic.
  • The mysterious flows out of the exchanges—like a herd of skeptical cattle—persist, whispering tales of an accumulation frenzy. Invest with caution or with a grin—the message is unclear.

Oh yes, dear reader, our beloved Bitcoin, that digital phoenix, is still above the mystical $100,000 barrier. Yet, strangely, the masses yawn—Google Trends tell us so—perhaps tired of the circus or bored by the endless echo of “to the moon, again.”

The Twitter cacophony suggests a spooky double top at $108K, reminiscent of 2021’s glory days. But the wise on-chain data chuckle behind their screens, whispering, “Nope, this story is different.”

Look at that—net exchange flow still negative. Quietly, the Bitcoin withdrawals since March have left the exchanges as if fleeing a boring party, with over 3.6K BTC escaping daily—confidence, or just a game of hide and seek? You decide.

So, why keep the bullish flag waving? Well, the river of Bitcoin flowing out of the exchanges is like the faithful leaving crumbs for the wolves—only the brave remain. But what about the short-term thrill-seekers?

These Short-Term Holders, ever the gamblers, are laying down their chips—profit-taking is dwindling, as if the thrill is gone or perhaps the game is about to change. When BTC flirted with $11K, they boasted 49.5K BTC in profit. Now, at around $105K? Barely a whisper—only 3.4K BTC left on the profit table.

Clearly, the short-term gamblers are exhausted, running out of steam just as Bitcoin enjoys its gargantuan dance around the $105K mark.

Meanwhile, long-term whales, those ancient giants, are suddenly feeling bullish. Starting in April, their net position flips—gaining 535K BTC—like a snake shedding its doubts and embracing the bullish sun.

Remember, in past Octobers—2023, 2024—such net position growth preceded rallies. Is history about to repeat? Or is this just another illusion in the grand carnival of crypto? Only time, and perhaps a few sarcastic chuckles, will tell.

Read More

2025-06-04 09:51