Bitcoin’s Great Escape: Are Long-Term Holders Fleeing the Circus? 🎪💰

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Ah, Bitcoin, that mischievous jester of the financial world, has once again leaped above the $90,000 mark, as if escaping from a straitjacket in a Gogol-esque farce. For two weeks, it languished below this threshold, plummeting to a pitiful $80,600-a 10% tumble that would make even the most stoic bureaucrat blush. 🌪️💸

Now, as the price teeters precariously above this magical number, the masses cry, “Recovery!” But, dear reader, pause and consider the absurdity of it all. For beneath the surface, the on-chain antics reveal a tale as twisted as a nose in a Gogol novel. The reality, it seems, is as opposite to expectations as a nose on one’s forehead. 🤡🔍

The LTH-STH SOPR Ratio: A Spike of Epic Proportions! ⚡

In a recent missive from the oracle of CryptoQuant, Arab Chain, we learn of a peculiar shift in Bitcoin’s internal machinations. The Binance: BTC SOPR Ratio (LTH – STH) metric, that arcane gauge of profit-taking, has spiked to a staggering 2.63-a height unseen since the dog days of August. 🌡️📈

This, my friends, occurs as Bitcoin ascends to its $90,000 perch, suggesting that long-term holders are fleeing the circus tent, pockets bulging with profits. The Long-Term Holder SOPR, at 2.58, confirms this exodus, as these venerable trendsetters cash in their chips. 🏃💨

Ordinarily, such a spike heralds a period of selling pressure, a harbinger of price corrections. Yet, in this absurd ballet, the rules seem bent, as if the market has decided to dance to its own discordant tune. 🎭💃

SOPR Ratio Chart

‘Profit-Taking Phase May Go On For Several Weeks’ – Or So the Soothsayer Says 🔮

While the long-term holders feast on their profits, the short-term holders are left holding the bag, selling at break-even or even at a loss, their SOPR languishing at a meager 0.98. This imbalance paints a picture of haves and have-nots, a financial masquerade where the wise cash in, and the foolish are left to ponder their folly. 🎭💸

Arab Chain warns that if Bitcoin’s decline accelerates, the fall could be as dramatic as a Gogol protagonist’s descent into madness. Historically, such gaps between LTH and STH SOPR have preceded seismic shifts in BTC’s market cycle, signaling a “cash-for-profit” phase where the wise offload their holdings. 🌋💰

Could this be the prelude to a major price reset, rather than the minor fluctuation the masses anticipate? As of this writing, Bitcoin stands at $90,652, as still as a Gogol character lost in thought. 🧘♂️💤

Bitcoin Price Chart

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2025-11-30 04:13