Bitcoin: Still Money, Apparently 🤔

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So, Bitcoin. It’s…still above $85,000. Which, if you’ve been paying attention to anything remotely related to finance, is like saying your house hasn’t burned down yet.

Apparently, people who bought a lot of it a long time ago aren’t panicking. Which either means they’re incredibly prescient, or they have a really good poker face. Or maybe they’re just extremely stubborn. It’s hard to tell with these things.

Bitcoin Investors Are…Still Into It?

Some guy named Rafael – and I picture him in a very serious turtleneck – at Glassnode tells us that even after Bitcoin did that little plummet from $125,000 (a mere hiccup, naturally), companies are still putting money into it. They’re like moths to a very expensive, digital flame. It’s all very reassuring… to them.

They’re buying the dip, you see. Because that’s what sensible people do with volatile assets. 🙄 This shows “resilience,” they say. I call it a desperate attempt to not admit a mistake.

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Apparently, there’s a ratio. A “short-term holder to long-term holder supply ratio,” which, frankly, sounds like something they made up to justify writing another article. It’s gone up. This means more people who don’t really know what they’re doing are involved. Progress!

These short-term holders are, predictably, twitchy. They freak out at the slightest price wobble. It’s like watching toddlers with grenades. The long-term holders are just…there, silently judging everyone.

BTC Price is Doing That Thing Again

So, we have the stoic long-termers and the frantic short-termers. It’s a fascinating dynamic, really. Like a particularly tense marriage. This whole situation is, apparently, “limiting sharp declines.” Which is a fancy way of saying “not crashing…yet.”

Right now, Bitcoin’s at $86,581. And it’s clinging to $86,361 like a life raft. If things go well, it might get to $90,401. But let’s be honest, that feels…optimistic. ✨

If it falls below $86,361, though… well, that’s when things get interesting. And by “interesting,” I mean “potentially disastrous.” It’ll probably fall. It always does. It’s a very stressful hobby, this investing thing. 😅

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2025-12-17 09:41