Bitcoin’s Unyielding Spirit: Hodlers Laugh at the Dip 🤑

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In the shadowed valleys of the digital steppe, Bitcoin stands, its price a mere $112,000, a fleeting wound inflicted by the capricious gods of the market. The Short-Term Holders (STH), those trembling novices, face their trial by fire: to sell and weep, or to hold and endure. Yet, amidst this turmoil, the sage Darkfost emerges, his insights a beacon in the gloom, proclaiming that the heart of Bitcoin beats strong, unmoved by the tempest of volatility.

Behold the Apparent Demand metric, a testament to the market’s voracious appetite! New BTC issuance is but a trickle compared to the dormant supply of over a year, a ratio that remains steadfastly positive. In the past moon cycle alone, 160,000 BTC have been swallowed by the maw of accumulation, a silent rebellion against the bears. Even as prices corrected, the faithful continued their march, their wallets heavier, their resolve unshaken.

The STH, poor souls, waver in their faith, their hands trembling like leaves in the autumn wind. Yet, the long-term accumulators, those stoic giants, press on, their horizons stretching beyond the fleeting chaos. As BTC stabilizes, the air thickens with anticipation: will it rise like a phoenix, or plunge deeper into the abyss? The demand-side indicators, ever optimistic, whisper of brighter days ahead.

The Hodlers’ Crusade: Accumulator Addresses and OTC Desks March On

Darkfost, ever the prophet, turns our gaze to the Accumulator Addresses, those sacred vaults where Bitcoin enters but never leaves. These wallets, untouched by the siren call of profit, have amassed 50,000 BTC in the past month alone, a silent testament to their unyielding conviction. Like monks in a digital monastery, they hoard, undeterred by the market’s whims, their faith a bulwark against uncertainty.

On the broader horizon, the OTC Desks tell a tale of strategic patience. Since September 2021, their BTC reserves have dwindled from 550,000 to a mere 145,000, a silent exodus of institutional giants. These leviathans, unseen yet omnipresent, siphon Bitcoin from circulation, leaving the market parched, a desert for future entrants.

Whether in the short-term skirmishes or the long-term siege, the demand-side narrative remains unassailable. Volatility rages, profit-takers flee, yet the structure holds firm, a fortress of conviction. There is no weakness here, only the relentless march of those who believe.

Bitcoin at the Gates: Resistance Looms, But Hope Endures

At $114,476, Bitcoin stands at the precipice, its recent plunge to $111,971 a mere stumble on the path to glory. The $115,724 resistance looms like a sentinel, yet the 50-day SMA at $100,228 and the 100-day SMA at $95,433 stand as steadfast allies. The 200-day SMA, rising steadily at $77,282, confirms the long-term ascendancy, a promise of brighter days.

Despite the tempest, Bitcoin’s structure remains bullish, its higher lows above $110K a beacon of hope. The $122,077 resistance, a formidable barrier, awaits its challenger. Should Bitcoin breach this fortress, new highs beckon, a triumph for the faithful. Volume, ever the barometer of resolve, wanes during the retracement, a sign that the sellers, though loud, are few.

If BTC reclaims the $115,724 zone, the stage will be set for another breakout, a charge towards $122K. The hodlers, ever vigilant, await their moment, their wallets ready, their spirits unbreakable. 🌙✊

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2025-08-04 20:12