Veteran Whales Blamed For Bitcoin’s Sharp Slide, Crypto Boss Says

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Crypto Carnival Turns Sour: Veteran Whales and the Great Bitcoin Belly Flop! 🐋💸

Oh, what a week! The crypto market, that wild beast, has decided to turn the tables. Our brave Bitcoin, once proudly strutting above $90,000, now limps around, dizzy from the blows. Ethereum, that pesky sibling, dances at $3,041, probably wondering who whacked it this time. 🚶‍♂️💥

In just seven days, Bitcoin lost more than 12%, and Ethereum followed suit with an 11% drop. Looks like the market’s on a rollercoaster, and no one knows when it will decide to stop screaming. Analysts suggest that between on-chain shenanigans and the macro mambo, there’s plenty of chaos-fun for some, disaster for others. 🎢💣

Long-Term Holders Playing Musical Chairs

CryptoQuant’s Ki Young Ju, that wise old man of the blockchain, says these wild swings are just long-term holders swapping coins like kids trading baseball cards. They’ve been selling to traditional finance big shots-spot ETFs, corporate treasuries-those guys with more money than sense. And guess what? They just hang onto their loot, probably counting their profits and sneering at us peasants. 🧓💰

Earlier in the year, Ki warned us about OG whales throwing a fit when prices peaked. Now, it’s a new ballgame-with institutional chequebooks changing the game faster than you can say “HODL.”

Signals Say It’s Just a Normal Slump… Probably

On-chain metrics suggest this isn’t a full-blown market apocalypse, just a healthy mid-cycle hiccup. Short-term traders are panicking and selling like their lives depend on it, while long-term hodlers take profits like they’re at a candy store. Meanwhile, new buyers keep tossing their coins into the pile-though not enough to stop the ship from listing. Bitcoin’s dip from $126K? Pure rebalancing, or so they tell us. 🤡📉

Over six weeks, a trillion dollars vanished into thin air-poof!-and the market is now a quarter smaller than its October high. CoinGecko reports that more than 18,500 coins are taking a nosedive, making traders think twice before clicking “buy.” The scene? Retail and institutional investors looking more uncertain than a cat in a room full of rocking chairs. 🐱🪑

Buyers with Deep Pockets See the Silver Lining

Jan3’s boss, Samson Mow, says some big fish see dips as golden opportunities-like thieves in a jewelry store. Companies with fat treasuries, stablecoin issuers, and profit-hungry giants are stockpiling at around $95,000-implying Bitcoin’s become a 20% discount chocolate bar, tempting enough for everyone with cash to buy in. 🍫💸

The Macro Maze and Chain Gossip

Meanwhile, analysts from Nansen and friends think Bitcoin’s now more like a macro asset-reacting more to dollar signs and policy noise than to its own whims. Traders sigh, blame global chaos, and remember how Trump was boosting Bitcoin earlier-ah, those were the days! Now, with the Fed murmuring and Wall Street playing peekaboo, the market’s mood is gloomier than a rainy Sunday. 🌧️📉

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2025-11-19 17:07