Ah, Bitcoin! That most capricious of digital darlings has once again ascended to dizzying heights, surpassing the lofty sum of $120,480 with the grace of a ballerina on a trapeze. A 1.48% gain in 24 hours? Why, yes, and with a trading volume of $87.95 billion, it seems the markets are throwing a rather lavish party. 🎉
Trump’s latest salvo in the cryptocurrency saga? An updated S-1 filing for a Bitcoin ETF, with Crypto.com, that most stylish of digital banks, now playing the role of custodian. Meanwhile, BlackRock’s ETF, now a titan of $80 billion, has become the market’s favorite parlour game. One might say it’s a jolly good romp for the big boys. 🎩
Capital B, that most continental of investors, has dipped their toe into the Bitcoin pool, acquiring 126 BTC for a mere £14.4 million (or is that just a small fortune?). MicroStrategy, ever the showoff, added 155 BTC on August 11 – a performance that would make a Bond villain envious. 💼
Glassnode, that most perspicacious of blockchain oracles, has observed a volatility spread of 10.45 – a number that would make a seasoned gambler raise an eyebrow and a martini glass. Spot volume has descended to $5.71 billion, suggesting the market may be taking a breather. Perhaps it’s time for a cup of tea and a biscuit. 🍵🍪
#Bitcoin has bounced back from last week’s dip with the tenacity of a cat on a trampoline.
This week’s Market Pulse, served with a side of spot, derivatives, ETFs, and on-chain signals, asks: Will the recovery sustain? Or will profit-taking take the stage? 🎭– glassnode (@glassnode) August 11, 2025
ETF trade volume now hums along at $13.73 billion weekly, while the profit-to-loss ratio of 1.92 suggests investors are dancing on the edge of a profit cliff. A delicate balancing act, much like walking a tightrope in stilettos. 🤺
Market Signals: A Symphony of Strength and Caution
Off-chain metrics have improved with the vigor of a Victorian hostess at her prime. The spot Cumulative Volume Data (CVD) gained 94%, futures perpetual CVD rose 88%, and ETF outflows dropped 55% to $312 million. Yet, spot volumes have slipped 22% – a modest retreat, perhaps to gather one’s composure. 🧘
On-chain activity, however, is bustling. Active addresses have surged by 8% to 793,000, and transaction fees have climbed 10%. A staggering 94% of Bitcoin’s supply is in profit – a statistic that would make a stockbroker weep with envy. Yet, with such gains, one must wonder: is this a golden dawn or a prelude to a panic? 🌅😱
CryptoQuant’s ShayanBTC7, that most astute of analysts, notes a shift in the BTC futures market. Retail investors now dominate, a reversal from the whale-led rallies of late 2024. One might say the tides have turned, and the little fish are now steering the yacht. 🐠⛵
Institutional Calm, Retail Surge: BTC Nears Key Breakout
“Red clusters abound, dear readers, as retail-sized orders take center stage. Historically, whale dominance has been a harbinger of… well, let’s just say it’s been a bit of a party pooper.” 🐳
– CryptoQuant.com (@cryptoquant_com) August 11, 2025
The large holders, those most patient of investors, remain perched like vultures, waiting for prices to dip. Whether they’ll swoop for a bargain or ride the upside remains to be seen. But for now, the stage is set for a performance that will leave even the savviest investors gasping. 🎭
Read More
- SPX PREDICTION. SPX cryptocurrency
- USD CHF PREDICTION
- TAO PREDICTION. TAO cryptocurrency
- SOL CAD PREDICTION. SOL cryptocurrency
- ETC PREDICTION. ETC cryptocurrency
- UAE Golden Visa for $100K in Toncoin? You Won’t Believe This Deal! 😱
- We Asked 4 AIs How High Ripple (XRP) Will Go in 2025: The Answers Might Shock You
- EUR VND PREDICTION
- STETH AUD PREDICTION. STETH cryptocurrency
- RENDER PREDICTION. RENDER cryptocurrency
2025-08-11 22:49