Oh, what despicable futility marks this tumultuous epoch of crypto’s existence, when the markets reel like a drunkard after the fateful October 10th cataclysm, a day etched into the annals of financial calamity. The crash, with a cruelty only capitalism could devise, unleashed liquidation volumes that bore down like the Hand of God upon Sodom, leaving paroxysms of wrecked leveraged positions in its cinematic aftermath. Alas, what despair for the modern man!
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The aftermath of this liquidation-this grand opera of forced sales-has left the broader market in a state of existential paralysis. Assets, those once-prosperous darlings of speculative hope, now stagger under the yoke of despair, their momentum as feeble as the last breath of a merchant’s dying ledger. And so, Bitcoin’s year-end prophecy is revised downwards, a theatrical denouement worthy of a Dickensian tragedy.
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Bitcoin’s Existential Maturity
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Behold, Galaxy Research, that noble cabal of market priests, have declared in their recent missive that seventy-two of the top hundred crypto assets languish in straits 50% below their former all-time highs. The macro forces at play are as inscrutable as the Kremlin’s bureaucracy, but let us not dwell. This year, they proclaim, has seen whales distribute their bounty like philanthropists in a fever dream, while AI’s golden touted charm and stablecoin’s sly promises seduce the unwary. Meanwhile, BTC-focused treasurers weep-prompting the revision of Bitcoin’s 2025 target from $185K to $120K, as though the beast needed pity!
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Yet they reassure, with the faux profundity of a Russian landowner, that Bitcoin now enters a “maturity era”-a phrase as hollow as a matryoshka with no soul inside. They speak of institutional absorption, passive flows, and volatility’s demise as though these were the holy trinity of capitalism. Rest assured, if BTC clings to $100K like a drunkard to a lamppost, the bull market shall persist, albeit at a pace suitable for a tortoise with a hangover.
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“Still, we think nearing prior all-time highs before year-end is a plausible aim for the valiant-though one must wonder if ‘valiant’ is not a term borrowed too freely from romanticism.”
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Base-Building, or the Will to Survive?
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Coinbase Institutional, that paragon of modern financial fortitude, likens October’s carnage to a stage in the grand play, not a curtain’s fall. Excess leverage? Cleared, they say, as though a debt-ridden serf had suddenly gained a second passport. Fundamentals remain solid, they whisper, and institutions return like penitents to a monastery scoured clean of sin. Alas, what base-building this is-aping EVM chains, real-world assets, and yield protocols with the fervor of a monk copying marginalia into sacred texts. Selective re-risking? Perhaps, but the liquidity gaps yawn like Alaska’s glaciers, and macro uncertainty simers like a samovar ready to boil over.
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Galaxy CEO Mike Novogratz, that bard of blockchain, attributes the sputtering market to long-term holders rebalancing their portfolios, as if financial equilibrium were some Sisyphean task. He speaks of “healthy” diversification, though the temporal price may remain steep enough to topple the mighty from their pedestals. Yet he dares suggest that cycle highs live yet, and that a new Fed chair-perhaps a dove in disguise-will soon gild the crypto price cups with a fresh sheen.
Oh, what despicable futility marks this tumultuous epoch of crypto’s existence, when the markets reel like a drunkard after the fateful October 10th cataclysm, a day etched into the annals of financial calamity. The crash, with a cruelty only capitalism could devise, unleashed liquidation volumes that bore down like the Hand of God upon Sodom, leaving paroxysms of wrecked leveraged positions in its cinematic aftermath. Alas, what despair for the modern man!
The aftermath of this liquidation-this grand opera of forced sales-has left the broader market in a state of existential paralysis. Assets, those once-prosperous darlings of speculative hope, now stagger under the yoke of despair, their momentum as feeble as the last breath of a merchant’s dying ledger. And so, Bitcoin’s year-end prophecy is revised downwards, a theatrical denouement worthy of a Dickensian tragedy.
Bitcoin’s Existential Maturity
Behold, Galaxy Research, that noble cabal of market priests, have declared in their recent missive that seventy-two of the top hundred crypto assets languish in straits 50% below their former all-time highs. The macro forces at play are as inscrutable as the Kremlin’s bureaucracy, but let us not dwell. This year, they proclaim, has seen whales distribute their bounty like philanthropists in a fever dream, while AI’s golden touted charm and stablecoin’s sly promises seduce the unwary. Meanwhile, BTC-focused treasurers weep-prompting the revision of Bitcoin’s 2025 target from $185K to $120K, as though the beast needed pity!
Yet they reassure, with the faux profundity of a Russian landowner, that Bitcoin now enters a “maturity era”-a phrase as hollow as a matryoshka with no soul inside. They speak of institutional absorption, passive flows, and volatility’s demise as though these were the holy trinity of capitalism. Rest assured, if BTC clings to $100K like a drunkard to a lamppost, the bull market shall persist, albeit at a pace suitable for a tortoise with a hangover.
“Still, we think nearing prior all-time highs before year-end is a plausible aim for the valiant-though one must wonder if ‘valiant’ is not a term borrowed too freely from romanticism.”
Base-Building, or the Will to Survive?
Coinbase Institutional, that paragon of modern financial fortitude, likens October’s carnage to a stage in the grand play, not a curtain’s fall. Excess leverage? Cleared, they say, as though a debt-ridden serf had suddenly gained a second passport. Fundamentals remain solid, they whisper, and institutions return like penitents to a monastery scoured clean of sin. Alas, what base-building this is-aping EVM chains, real-world assets, and yield protocols with the fervor of a monk copying marginalia into sacred texts. Selective re-risking? Perhaps, but the liquidity gaps yawn like Alaska’s glaciers, and macro uncertainty simers like a samovar ready to boil over.
Galaxy CEO Mike Novogratz, that bard of blockchain, attributes the sputtering market to long-term holders rebalancing their portfolios, as if financial equilibrium were some Sisyphean task. He speaks of “healthy” diversification, though the temporal price may remain steep enough to topple the mighty from their pedestals. Yet he dares suggest that cycle highs live yet, and that a new Fed chair-perhaps a dove in disguise-will soon gild the crypto price cups with a fresh sheen.
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2025-11-08 16:01