Bitcoin: To Buy or Not To Buy? 🧐

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The Situation, You See…

Why All the Fuss About BTC at These Prices?

Apparently, a chap named Ki Young Ju, the head honcho at CryptoQuant, suggests that if the general economic outlook isn’t entirely frightful, now might be a rather decent moment to acquire some Bitcoin. One gathers he means it’s a buying opportunity, though these financial chaps do have a habit of speaking in riddles. 🙄

What do the Oracles Predict for BTC?

Staying above the hundred grand mark is apparently key. If it manages that, things might get a bit livelier. But a proper, solid reclaim of the $108k to $110k bracket? That, my friends, would be a bullish pivot of the sort that sends the financial press into paroxysms of excitement. One mustn’t get one’s hopes too high, of course.

Bitcoin [BTC], you see, has been rather languishing lately, trying to peek above the $100K mark after a bit of a wobble prompted by a potential resolution to that American government kerfuffle.

However, Mr. Ju notes there’s still a bit of selling going on, but adds, with the air of a man dispensing invaluable wisdom,

“There is still heavy selling pressure, but if you think the macro outlook is strong, it is a good time to buy.”

What’s Next for BTC: A Steady Trot or a Gallop?

On a weekly basis, Bitcoin’s “Realized Profit” (whatever that is) has been hovering around a billion or two since September. Back in July, when the long-term holders decided to cash in a few chips, it was rather more substantial, topping four billion.

So, the selling’s calmed down a bit. And if the general economic climate improves – the government avoids a complete bust-up, those chaps at the Fed decide to loosen the purse strings, and perhaps even replace old Jerome Powell with someone a bit more… amenable – then BTC might actually get a boost. One imagines a rally of risk assets, including this Bitcoin!

Factors being bruited about include the end of governmental shutdowns, quantitative tightening being lessened, possibilities of lower rates from the Fed, and even the chance of a less stern-faced chap taking control of the Fed. It’s all frightfully complicated, naturally.

ETFs Feeling Peckish, Whales Still in Charge

The big boys – the “whales,” as they’re called – have been selling more than the exchange-traded funds (ETFs) and those digital asset treasury (DAT) sorts like Strategy have been buying. Grim reading, what?

The ETFs have even been showing a slight outflow of funds in November, though thankfully it’s nothing too alarming.

This has dampened BTC’s enthusiasm somewhat, according to a trading firm called QCP Capital. They note, rather dryly,

“DAT activity remains subdued but crucial. Unless legacy supply clears, the base case stays range-bound near-term, with upside capped around $118k.”

Analysts at Bitfinex hold a similar view – sideways movement, unless BTC can recapture that $112.5k marker.

But those at Swissblock reckon reclaiming the $108k-$110k zone is the real key to a bullish turn.

“Hold structure, reclaim $108K-$110K pivot zone, and momentum starts igniting. Selling pressure is easing, and $BTC is giving early signals of a bullish reversal.”

As of this moment, BTC is trading at $105,200, having taken a bit of a tumble from $107,500. It is, however, perilously close to triggering that aforementioned “bullish pivot.” One must await developments with bated breath, naturally. 🧐

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2025-11-12 03:27