You Won’t Believe What Bitcoin Is Doing Above $100,000—Analyst Confessions Inside! 🤯

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Picture, if you will, Bitcoin: no longer the obscure hobbyhorse of insomniac libertarians, but now scaled, like some gaudy nouveau-riche upstart, to heights above $100,000—a sum previously reserved in polite society for buying small islands or good lawyers. CryptoQuant’s Axel Adler, bespectacled and presumably clutching an abacus, pronounced on 14 May that, yes, Bitcoin’s realized price—whatever social climbers and economists alike can agree that means—rests demurely at $45,000. How sweetly understated, rather like a millionaire in a rickety Fiat. Meanwhile, daily realized price yields wiggle between 0.10% and 0.23%. That’s about 36% to 85% a year, although if you understand compounding, you are already distrusted by your neighbors. 📈

This “realized price”, ironically, is supposed to indicate what people really paid for their Bitcoin, rather than the fevered dreams scrawled on exchange tickers. It is, I suppose, the true cost of attending the Bacchanalia, rather than what one brags about to one’s tailor.

A snooze-worthy 30-day simple moving average coasts along at 0.10% daily, which I’m assured on good authority is not quite as riveting as 1920s jazz-age inflation, but almost as unpredictable.

“These positive yet moderate returns indicate a sustained bull phase underpinned by solid fundamentals,” intoned Adler, which is the sort of thing people say before hosting a disastrous dinner party.

Bitcoin is trading near $100K, realized price at $45K, still climbing. Daily RP yield from 0.10%-0.23% (annualized 36–85%), with 30-day SMA at about 0.10% (35–40% annualized). These positive yet moderate returns indicate…— Axel Adler Jr (@AxelAdlerJr) May 14, 2025

Retail Investors: The Unwashed Masses Ascend 🚀

Meanwhile, those clever folks over at Glassnode—always ready to spoil someone’s fun—reported Bitcoin’s ‘realized capitalization’ (an oxymoron, if ever there was one) has inflated itself by an extra $30 billion since April’s respectable stagnation. This balmy tide is reportedly swelling at 3% monthly, which in crypto might be considered slow motion, suitable for pensioners or English civil servants.

The flow is hardly a torrent compared to the feverish buying that followed the enthronement of President Donald Trump back in late ‘24, an event which caused the sort of market commotion usually reserved for gold rushes or Black Friday at Harrods.

In related news, the so-called ‘long-term holders’ (or people who forgot their passwords) now see their realized price crawling up to $45,340, indicating that anyone buying in for $90K or more is now officially a “wizened old hand”—at least by crypto standards, so about six weeks.

After April’s pained torpor, #Bitcoin’s Realized Cap has puffed up by almost $30B, now content with a perfectly polite ~3% monthly jog. Uptick? Yes. Frenzy? Only if your bar for excitement is very, very low.— glassnode (@glassnode) May 14, 2025

Translation: those who bought in December have not, as yet, stormed for the exits. In fact, the longer they dither, the less risk there is of a dramatic stampede to sell, at least until the next tabloid panic.

CryptoQuant’s analysts swear that retail is returning to the fray. By their figures, investors with balances below $10,000 are inching back as gingerly as guests leaving a disastrous wedding dinner. From April 28 to May 13, purchases by these small fish rose 3.4%—presumably because “positive feedback loops” are good, and nobody enjoys missing a bubble.

BTC Price Outlook: The Daring Uphill Trudge 🎢

To the breath-holders and spreadsheet worshippers: Bitcoin touched an intraday summit just over $104,000 on Wednesday, then conveniently stumbled below $102,000 by Thursday morning in Asia. Such are the perils of digital haute finance—one day caviar, the next day, beans on toast.

Nevertheless, Bitcoin has paraded triumphantly above six figures for a week. Every day spent above $100,000 breeds fresh optimism—perhaps the price will simply ascend forever, as if by royal decree.

Across the past month, BTC has risen 20%, currently perched a mere 5.6% below its January all-time high of $108,786 (CoinGecko kindly note). “Range breakouts,” observed Tony Severino, technical analyst and would-be seer, “tend to be strong and happen in one large weekly candle”—words which conjure up images of birthday disasters and bullish stampedes alike. Could it happen by end of May? Stranger things have occurred—such as Bitcoin itself. 🥳

Range breakouts in Bitcoin tend to be strong and happen in one large weekly candle, closing above the upper Bollinger Band for confirmation. Bulls want to see this within two weeks, leading to a strong May close.— Tony “The Bull” Severino, CMT (@TonyTheBullCMT) May 14, 2025

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2025-05-15 10:55