The Situation, You Seeā¦
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 isnāt entirely frightful, now might be a rather decent moment to acquire some Bitcoin. One gathers he means itās a buying opportunity, though these financial chaps do have a habit of speaking in riddles. š
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 mustnāt get oneās 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 thereās still a bit of selling going on, but adds, with the air of a man dispensing invaluable wisdom,
āThere is still heavy selling pressure, but if you think the macro outlook is strong, it is a good time to buy.ā
Whatās Next for BTC: A Steady Trot or a Gallop?
On a weekly basis, Bitcoinās āRealized Profitā (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 sellingās 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 moreā¦ 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. Itās all frightfully complicated, naturally.
ETFs Feeling Peckish, Whales Still in Charge
The big boys – the āwhales,ā as theyāre 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 BTCās enthusiasm somewhat, according to a trading firm called QCP Capital. They note, rather dryly,
āDAT activity remains subdued but crucial. Unless legacy supply clears, the base case stays range-bound near-term, with upside capped around $118k.ā
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.
āHold structure, reclaim $108K-$110K pivot zone, and momentum starts igniting. Selling pressure is easing, and $BTC is giving early signals of a bullish reversal.ā
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. š§
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2025-11-12 03:27